With REI, I'm aiming to reach FI within 10 years so I can travel, play piano at venues for fun (I'm a total amateur but I'm working on it!)

So,  a couple of things to consider:1) You are forcing appreciation through renovation (depending on your quality or renovation, you may see a significant return)2) You'll more than likely get 70%LTV on the re-fi (of the appraised value)So, in the $100,000 example, say you improve the value $40,000 from the renovation that costs $20,000 and the property appraises at $140,000.

Cash back re-fi can be based on the new ARV, but those usually have a seasoning period.It sounds like a potentially good deal to me, and I live 2 hours away.

Hello, I would like to purchase a duplex using a FHA loan to house hack in Charleston, SC. I

The better option to buy with OPM at auctions is F&F $I used to finance auction flips.

Just to be FI, I would have to triple my fully cash paid portfolio and if taking on debt may 7 times it?!?!  

I recently started a new job in Charleston, SC.  I

Account Closed thats for suggesting Fi fighter.

I invest in Fort Lauderdale virtually from Charleston, SC. I

@Stephen DiNanno would you share the bank that did the re-fi?