This will help show you when you want to sell or do your re-fi. 

He’s now FI through real estate and quit his W2 job earlier this year. 

SPI, Choose FI, BP 

I am now doing a cash-out re-fi on the rental property to buy an apartment building.I got most of my information and courage from BP but if I can help you with anything let me know! 

I actually have 10 props financed, but only 7 are 1-4, the other 3 are commercial, which I've just been told don't count toward FNMA's 10 limit, so I could conceivably re-fi 7 and get 3 more...Have you or anyone heard of 20-30 (or even 15) year financing for plus 5 units?

I'm sure you'll get a lot of other people chiming in, however with the limited budget I'd suggest researching cash out re-fi's.

Originally posted by Randy F.:I

The last time I made a post I had just closed on my first house. I bought it to flip. The rehab took about 5 months. Once it was listed, it was under contract in 2 days with an over-asking price offer. Rehab Scope: - ...

I was unable to get debt-service loans because I had no history of doing this and the properties were previously owner-occupied SFHs, but I expect at some point shortly I'll go back and re-fi on a portfolio loan with the same bank and move to that.

Purchase price: $319,000 Cash invested: $15,900 This deal almost took me to FI.