VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

There are some great neighborhoods here that balance cash flow and appreciation, like Fountain Square and Bates-Hendricks, and parts of Irvington.

But if you've owned the property for less than 12 months, cash out won't be an option other than a DSCR... 

I'd like to get more cash flow from this property.

How much would you spend today for a monthly cash flow of $40k?

I can pay for all my problems using the cash flow from my current rentals.

I have a great job that I love and currently do not need to spend the cash flow from the properties. 

It's not that I have zero cash, just not enough on hand to close the deal on my own.Purchase Price: $275kRehab Cost EST: $130-$150kARV: $550k-575kLake Front house w/dock (a huge incentive on this lake)I have a little over $30k available but don't want to drop much lower but also hate to miss out on this opportunity.  

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

🏡 Co-Living + House Hacking = Maximum Cash Flow & Financial FreedomHey BP Community,If you’ve been house hacking or thinking about it, pairing it with a co-living strategy can seriously amplify your returns.