Doing the cash out refis may be more difficult than you think, and you won't be able to extract all the "equity".

Very tough for you to extract a payment out of a conventional financing purchase on a short sale.

They will wait for the additional money and consider it a bonus if they get some meaningful cash upfront.

This isn't very meaningful if you just a have a tiny amount into the deal.

Profiting when you buy"… means…"Purchasing a deal at a price that will allow you to extract the equity out of that deal as cash based solely on the plan that you develop and then based on your knowledge, skills and abilities you execute that plan to profitable completion."

That makes the P&I $266, which leaves you cash flow of $133 for a duplex.To make $200 in true cash flow a month, you can't pay more than $33,358 for this property.The trouble with these really low rents is that extracting $100/month for cash flow is a huge chunk of the rent.

And I should shut up and get off the soap box, but, the US leads the world in so many ways, and one of them is extracting money from the masses.Is it any wonder when consumers slow spending that the first impact is on business, then on government.

For all nonperforming or troubled assets they will be “flipped†if the value extracted can exceed 110% of the current “all in†investment or if the initial loss from the sale is less then the projected loss from a long term (3-5 year) hold.

From that, you need to extract a cut. $100 is a common goal.

Members here are willing to give and share which helps build a knowledge base and a network of valuable contacts.I've tried several other real estate related sites and did not appreciate the spam, lack of participation, lack of meaningful content, etc.