Cash out refi comes when there is enough equity on the unit and in a good enough market to where it appraises well, making it make sense to deploy that equity in a new deal. 

You can whip up numbers in just a couple minutes to see if properties will cash flow good enough.

Maybe a private individual would do it if the deal was good enough and/or the borrower had a good enough track record.

Are you getting a good enough deal where you're willing to move into the 1st floor unit and deal with the 2nd floor folks you originally wanted gone?

Just make sure I am getting zero interest on them and have a good enough ARV to get enough cash out to cover my expenses!

The 30 year fixed rate loan would be a better fit for this purpose.You might be able to think of some other scenarios but hopefully this concept is good enough to know the difference between the two. 

The 30 year fixed rate loan would be a better fit for this purpose.You might be able to think of some other scenarios but hopefully this concept is good enough to know the difference between the two.

Yes, that's a tough way to start.......all kinds of headaches, and the local municipality getting involved to make sure its in good enough shape to get your CO.

Of course not the 100 hour proposal/contract that I prepare for remodels or builds, but plenty good enough for them to wrap their heads around a budget.

Not even good enough for taxes I hear.