This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

Which has lead me to become a member and hopefully get help pursuing my dreams and one day hoping to help another just like myself.I currently do not have any experience in Real Estate Investing, but am looking to purchase buy and hold property in the near future, to eventually replace my current income over time.

Buying your dream home is like picking up your local real estate book, contact the realtor.

This means if you can only afford a 60k property and are expecting 800 rent for it and a 3 bed 2 bath in the area you want and only 2 such properties have transacted on the MLS in a year then it's a pipe dream.

My current activities: Finding great deals and making tons of offers in Memphis TN.Marketing the deals to cash buyers.What I'm looking for now:Great deals in Memphis TNCash buyers who want 15% plus cap rateMoney partners who want to buildMy goals are:160-rental property personal portfolio.I have a dream: To develop and manage the awesomest multi-family rental property complexes for creative communities of over 55s and baby boomers.Zelda [email protected] www.RealEstateDealsUSA.com

Not everything dreamed up by someone somewhere else will always fly.I think too that what many starting off may not understand is that in RE, you have an inventory of tools that allow you to conduct business.

Agents who directly tie into the MLS have special powers that we mortals can only dream of!

I look forward to the day when I return to the states and my wife and I can begin our dream of flipping houses!

I love investors and work in the Middle GA area helping many r.e.investors achieve their dream.

I'm really excited to have found it, as it's already motivated me to pursue my dreams of full time investing.