Hello Fellow Investors,I have an investment property in Wheeling, IL and I'm interested in performing a Cash-Out Refi.

@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

Than maybe with adjusting the vocabulary to REALIZED performance and UNREALIZED performance, we can start correcting understandings. 

Scope of WorkThe Subcontractor agrees to perform the following work (“Scope of Work”):Detailed description of tasks and responsibilities.Exclusions: [List any exclusions here].Materials to be provided by: [Contractor/Subcontractor].Reference drawings or plans: [Attach if applicable].2.

What’s your exit strategy if the partnership doesn’t perform as expected?

Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

But why would you sell a property that is performing well?

I read in the thread he has do reno 5 of them as well, hmm I wish this poster all the best, Someday when I grow up I will be like youAll the best  it maybe a bit much but at least your prepped for it and if you do better on some of them then thats fine but expecting these type of assets to perform with section 8 tenants over the years as he has stated is just dreaming.  

Are you currently managing your own properties or do you have a property manager because many times a property manager can perform the work needed for it to be turnkey.

In the case of GEG, we let our members know we did not have a track record with them - they were new to us and just being tested - and therefore it was even more important to perform thorough due diligence since we can't be involved in the transaction.