First time investor, looking for cash flow.2.

If you have cash, you could pay off the underlying loan2.

Unless you paid cash?

Cash Flow Management: If you take out additional debt, it's crucial to have a plan for managing your cash flow. 4.

But what about the interest on a cash out refinance?

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

He is great with investors and can find deals that cash flow much easier, including some off market stuff.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

Hi Max, I can speak about the Columbus Ohio market (as this is the market I specialize in) but yes, there is strong competition here and there are obviously some cash buyers and they will always have a slight advantage.