Maybe you can help Erik.ThanksStephanie OK Thanks for going into more detail.

. $500-$700 ...there is  something called a PIW  that  might allow you to forgo the  appraisal  need ..lender will be able to  determine if this PIW  is  an option once they  run your  loan file throught their automated  underwriting system …..( normally on cash out  refinances these PIW  are not available ) ...we are in Seattle if you need any help :)

If you evaluate the weighted cost of capital as 3% for your principal since that's what you'd be forgoing, then the equivalent interest rate on your $90k is nearly 7.5%.((650K*3%)+(90K*7.5%))/(740K)=3.5%To say it another way, you'd be better of borrowing that $90K with any other loan option charging interest up to 7.5%.

The song "Glory Days" should be playing in your mind any time you read one of his posts or as he waxes on how successful he used to be.

Dave,We have been involved in RE for going on 10 years and have done everything from short sales to flips and now buy and hold rentals and we own a property management company. 

I'll put in another vote for going big on some mid-large multifamily deals.

Why are you guys "hating" on the buyers/borrowers for going by the new Vantage 3 scoring that Credit Karma and every other "free credit monitor" service out there is now going by? 

This may help you justify the expense or forgo it if it will result in a diminishing return.

Secondly, if you want to make a career out of this, it may be wise and more profitable to hire your own subs and forgo the GC who typically has 15-20% markup for his services.

She is a singer/song writer and I am a contractor working for my dads construction company.