Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.

She wants to sell the 1/2 acre and the two wells that feed the community as her husband who passed away set it all up and maintained it,  I don't think she has been keeping up.

The key to success seems to be aiming for growth while maintaining a good product, whether that means buying bigger buildings or focusing on a niche of small-to-mid-sized buildings. 

What's up Jay,Given your situation, here are a few strategies you could consider to secure the rehab budget while respecting the seller's desire to maintain a first-position lien:Home Equity Loan or HELOC:If you own your primary residence or another property, consider tapping into its equity through a Home Equity Loan or Home Equity Line of Credit (HELOC).

Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

In the past I keep looking past this area because driving distance was too far to have any grasp/maintain on the property.

It was so complicated becoz even for the job we have to maintain the same job type for 24 months.But yea with 5% down, this strategy is fastest to print the first one million.

It's really important to maintain the integrity of BP and the forums and we'll certainly keep this in mind for the future. 

Most people don't understand the overhead needed to maintain a stable and consistent direct-to-seller wholesaling operation.

Unit was built in the 80s, moderately updated, well maintained by the sellers.