Quote from @ShaRae Kalian: Hi everyone,We’re facing a tough decision with our investment property in Chandler, AZ, and would love some insight from experienced investors.Here’s our situation: Purchased with a Hard Money Loan – Current balance: $300,000 Recent Appraisal: $385,000 Already Invested: $97,000 in renovations Rent: $2,000/month, which isn’t covering refinance requirements Refinance Roadblock: A DSCR lender is requiring $34,000 cash to close to refinance.

cash How did you add value to the deal?

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

Are you cash flowing the property?

Began with $620k cash.2.

You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived. 

I cashed out of crypto to buy the house of my dreams.

Personally, I would focus more on the long-term cash flow of the property rather than worry about your parents living standard.

Your price to a cash buyer would be $30,000.

What are effective ways to network with cash buyers?