Once the new tenant is in at the higher rate, could you also refinance to extract capital for other investments? 

You could have an attorney write a scare letter to try and extract what little money the previous tenant has now to settle it.

I needed to extract a confession, and I'll be frank- waterboarding, as tempting as it sounded in this case, was not an option.I resorted to the use of skill and subterfuge- in essence, I decided to fight fire with fire.

I guess the part where I struggle is understanding how paying fees, getting a higher interest rate, and not being able to extract 100% equity anyways would end up being a great savings plan.I wonder how much I'd save if I put the costs to even get an HELOC and any incurred during the life of it towards the mortgage instead, aggressively paid it down, and kept my emergency savings fund the same rather than growing it.I imagine there are a few fringe scenarios people can concoct where paying money to use a loan to pay a loan saves money, but not many real world ones.

Hello, Looking to re-fi my home and extract equity in the process.

1) J Street (single family)•Purchase price (inclusive of fees etc): 33k•Monthly Rental: 695•Yearly Insurance: 600•Property Tax (Estimated): 1200•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 69.5•Net income (Not counting repairs of which there hasn’t been any): 4300 2) Morningview Street 1 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 1000•Yearly Insurance: 600•Property Tax (Estimated): 604•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 100•Net income (Not counting repairs of which there hasn’t been any): 69003) Morningview Street 2 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 950•Yearly Insurance: 600•Property Tax (Estimated): 587•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 95•Net income (Not counting repairs of which there hasn’t been any): 6550 Additionally, as the properties above were purchased in cash, I am exploring if there are options to extract cash from them so that I can re-invest the cash while at the same time taking loans for the additional investment.

This way out of a 5 year lease if they take a bath year 3 I have extracted maximum rent.In regards to NNN the leases it is true there is a base rent and then a CAM re-imbursement so they are essentially covering all the expenses.

If you do not comprehend what was written by him to extract the answer you seek, then you should re-think buying at a Judicial Sale.

This is legal, however extracting accurate data for tax preparation will be a pain, and you set yourself up for a real headache if the IRS decides to audit you.The next step is highly recommended, as it solves the two problems I mentioned: data clarity for taxes and IRS audit defense.

Daryl, Just curious about "extraction."