You were literally fine with what we were doing for you up until you found out the tenant left after closing because you tried to say we knew about it which is impossible as we never had contact with the tenant ever.

They have had 100% occupancy at market rates and currently bring in around $2,000 per month in cash flow.

At the pro forma income, the cap rate would rise to 8%, which is more reasonable but only achievable after renovations.

I think most investors want to win on more than just the interest rate.

Hello,I contacted the only six wholesalers in my area as my first outreach on this website and now I have been banned from messaging.

Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

.- in this higher rate market, i find BRRRRs to be challenging because after a high LTV refinance the units have negative cash flow.  

Just make sure you’re comfortable with the interest rate if going either route.  

I already have 2 loans on the property with great interest rates that I'm not looking to replace.