1) J Street (single family)•Purchase price (inclusive of fees etc): 33k•Monthly Rental: 695•Yearly Insurance: 600•Property Tax (Estimated): 1200•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 69.5•Net income (Not counting repairs of which there hasn’t been any): 4300 2) Morningview Street 1 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 1000•Yearly Insurance: 600•Property Tax (Estimated): 604•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 100•Net income (Not counting repairs of which there hasn’t been any): 69003) Morningview Street 2 (duplex)•Purchase price (inclusive of fees etc): 56k•Monthly Rental: 950•Yearly Insurance: 600•Property Tax (Estimated): 587•Income Tax (Estimated): 15% of net rental•Monthly Property management fee (10% of gross rental): 95•Net income (Not counting repairs of which there hasn’t been any): 6550 Additionally, as the properties above were purchased in cash, I am exploring if there are options to extract cash from them so that I can re-invest the cash while at the same time taking loans for the additional investment.

Hello, Looking to re-fi my home and extract equity in the process.

As you pursue these leads, you'll close a few and then you can reinvest some of your profits into higher end services like Lexis Nexus and train someone to upload batch files for processing or outsource the no-hit leads to a pro skip trace service.The reason I advise you approach in this manner is that many people inadvertently become data hoarders but never take any meaningful action on the info they do have.

I guess the part where I struggle is understanding how paying fees, getting a higher interest rate, and not being able to extract 100% equity anyways would end up being a great savings plan.I wonder how much I'd save if I put the costs to even get an HELOC and any incurred during the life of it towards the mortgage instead, aggressively paid it down, and kept my emergency savings fund the same rather than growing it.I imagine there are a few fringe scenarios people can concoct where paying money to use a loan to pay a loan saves money, but not many real world ones.

The issue with students in general is that there is very little in terms of meaningful traditional checks you can do.

I needed to extract a confession, and I'll be frank- waterboarding, as tempting as it sounded in this case, was not an option.I resorted to the use of skill and subterfuge- in essence, I decided to fight fire with fire.

I have dealt with these types of situations and only 2/8 times (real numbers) did it result in any meaningful rent.

If they don't answer, I honestly don't have time to go through them all trying to extract this important information.

Makes no difference to me at the end of the day.Whereas most of the landlords on this forum are doing their level best to maximise every penny from a tenant, I'm not exactly poor, I don't need to extract every penny out of tenants.We did have a couple move out this weekend, they spent two years with us, and not only will they get all their deposit back, we will send a house warming gift also.

Once the new tenant is in at the higher rate, could you also refinance to extract capital for other investments?