If person 2 took a mortgage loan on the house, 90% of the mortgage amount is the equivalent of printing the money out of thin air (Fractional Reserve Banking).

Again, though it's a "4-unit", the revenue is equivalent to 2.7 units I own in another location.

Jeff - The SEC is not a concern here as we're north of the 49th ;-) We have our equivalent agencies and similar regulations ...

The discount rate would be the "cost" of the refinance.If NPV > 0, the cash-out is essentially a positive leverage transaction.Normally, you can't compare NPV values to determine if one investment is better than another (only use non-negative values to determine that a project is profitable), but in this case, with the cost of funds relatively equivalent across all projects being considered, you could probably do multiple NPV analyses at different leverage point (different amount of cash-out), and determine which amount of leverage is optimal.

In theory, that is roughly equivalent to having another $1m invested in the bank (assuming you can conservatively draw at 3.5% - I know, huge assumptions here).

You know, after writing my post, the one thing that subsequently occurred to me about looking for the lowest DOM subdivisions or neighborhoods is this: Sticking to low DOM subdivisions is equivalent to following the old maxim in commercial real estate of “location, location, location.”I really think that lists like HAR’s “Most Viewed Subdivisions” are incredibly powerful tools.

I'd talk to your broker in charge (or equivalent) before reaching any conclusion that wholesaling will be the way to go.

Any number of persons related by blood, marriage, adoption or guardianship, occupying a dwelling unit and living as a single nonprofit housekeeping unit; or not more than four (4) unrelated individuals eighteen (18) years of age or older living together in one (1) dwelling unit, having a relationship which is functionally equivalent to a family.

What is the equivalent of that for SD Roth IRA service company?

I want to create a passive income so that I can "retire" early but still have an income equivalent to a full time job.