I like the idea of a newer 4plex but they just don’t exist in my market.

I will research my market to find out what's required for my state.

These cities are the well known, sub 100k markets in the US.

Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.

We always run a market analysis before making a purchase for ourselves or our investors.

Unless you are sourcing properties yourself off-market, REI became much more challenging in 2023, and downright brutal since the start of 2024 here.   

So they used the actual rented data of these companies to compare what rentals should go for in your market.

Quote from @Michael Ewers: Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads?

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)