Understandably, investors are looking to tap or access increasing equity positions, many for reinvestment or property portfolio expansion. 

I also find it humerous that these same buyers that whine about RE brokerage fee's will think nothing of a wholesaler who has no ability to close and is just looking for an assignment fee and they will tac on FAR more than a 6% fee.. and buyers think they get some sort of deal because its off market.. when in fact its on market wholesalers advertise like mad to sell their contract positions and talk about fake news how about fake values and rehab amounts.

These second position loans are becoming ever more important, since nobody wants to give up their 3% primary mortgage. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Purchase price = $100kRehab = $25KARV= $170k1st position purchase loan (private lender) = $85k2nd position purchase loan (my own LLC) = $40kI purchase with 1st position loan at 85% LTC ($85k) from private lender. 

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

I am in a position where I am actively looking to complete my first investment purchase. 

@Frank Patalano a job that used to be 40-50 hours per week slowly building itself up to 100+ in hard weeks and 60 on slower weeks on a salaried position.

Wait and negative cash flow turns positive.  

It doesn't hurt to call.Ridge Lending All in One, first position HELOCAFCU does 80% LTV on NOO.