. - i'm looking for a small mfh in lehigh valley area and have 40k to invest. house hacking is out of the question as my family is already established in the good old garden state. i was told by a mortgage person that it'll be better for me to refinance my house (cash out refinance) to get an equity and lower my payment so i can qualify for higher loan and maybe even able to purhase 2 properties. with the current rate, my interest will likely be higher than what i have now (currently 3.5% and  have about 11 yrs left on it). would you guys recommend doing a refinance in this situation (for a first rental property) or 40k give or take enough to start REI adventure. thank you in advanced for your time and i appologized if this post is confusing for those seasoned investor.

Mark,If you have passive investors, I'd encourage you to at least have a conversation with a securities attorney.Your alternative is to give others some sort of tasks (big or small) to ensure everyone is active.Originally posted by @Mark Robert:@Alina Trigub in your experience, would you need a securities attorney specifically if you were the General Partner managing you Limited Partners money? 

Collecting a damage deposit is a core task of a PM that you pay for and they either failed to do it, or failed to properly record it... either way, unacceptable.   

My name is Charles and i'm beginning my real estate adventure.

I look forward to continuing my education and starting this new adventure!  

Tax optimization is not a topic that many people like to discuss, but it can deliver equal value as other landlording tasks.

Looking for guidance or to be pointed in the right direction to figure out how hard of a task is it to convert a 2 family legally into a 3-4 family in Yonkers, NY.

I have decided after 24+ years in education to rebrand myself and get my real estate license.  I registered for school this June.  I want to take my exam as quickly as possible and start right away.  I have dabbled in...

And since you have no debt, you really do not need to do this task. 

Anyway, inspired by you all and anxious to embark on my new adventure!