Whether you are a buyer, seller, or investor, staying informed and flexible will be essential for success in this dynamic market.If you want to listen the full conversation you can watch the podcast below...

Hi, I am looking at a deal where the refinance for a BRRRR on a multi family would be essentially $60,000 cash out on a 80% LTV but it still has negative cash flow.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

I can take advantage of it being a buyers market and use my FHA LOAN to ask for a full 6% seller concession on top of my 3% agent commissions essentially allowing me to walk into the property with $0 out of pocket.

I have a good property manager that essentially handles everything for me.

For example, any foreclosure of a home equity loan must be through judicial proceedings (court), and cannot proceed as a private foreclosure.All home equity loans are non-recourse loans, meaning that if the lender does not recover the full amount owed by the borrower through the foreclosure process, the borrower has no personal liability for the loan and cannot be sued for any remaining balance owed.Back to topConsiderations When Taking Out a Home Equity LoanHome equity loans can be a useful tool to allow a homeowner to obtain funds that are otherwise locked up in their home.

KFN has great tools to assist in understanding all there is regarding the program, which I studied in my spare time prior to starting to search for opportunities.I am in Chicago and started looking at properties in the 1st quarter of 2018, after several viewings, I identified 2 SFRs of which KFN became my partner via a JV in the 2nd quarter of 2018 for one out of the 2 submitted.The support is phenomenal and they are legit.  

I wanted to rent out our previous home and get another property that we could afford, and that would essentially pay for itself via house-hacking - Searching through that lens as my goal helped me be creative to make the deal happen, and it kept me on track rather than being persuaded by any house on the market.

HI all could not manage without my PM he is my eyes on the ground living  out of state out of country infact  having a great one is essential  do am glad  

The other good news is you ca use the rents of the other units as income to qualify so you can essentially qualify for a higher home price.That sets up your next investment property as you move out its now a 2-4 unit with multiple doors bringing in more income.