And of course, if your actual cash value is less than the current mortgage(s) on the property, all of the cash value payment will go to the lenders. 

But the right lender can help you unlock financing that traditional banks simply won’t touch—often with better terms, lower down payments, and more flexibility than conventional options.SBA Loans for Real Estate: 7(a) vs. 504—Which One is Right?

I have a great 800+ FICO and about 60K for a down payment. 

For investments which return both principal and interest with each payment, it’s incorrect to consider the entire monthly payment as cash on cash return, as some or a majority of it is actually not a “return” in the sense of return on investment, but a payback of your capital.  

In 2020 I used the HELOC on my house in New York City to buy a house in Buffalo New York for all cash.

Rent – Lease the property at market rate to stabilize cash flow.

75% will be the industry standard for max cash out. 

For cash flow, Cleveland is where it’s at.

Please - do this today: Send her a Notice To Quit for Non-Payment of Rent; you will need to send this to her via USPS with proof of delivery required so you can use it in any legal proceeding.

So I’m looking to leverage my current homes equity to use as a down payment for my next primary residence.