Would you really want to gamble on continued appreciation, instead of cashing out?

Probably a slight loss after the second set of closing costs, and that's with the gamble that interest rates don't rise.Option 35.5% for commercial loan 65% LTV for cash out. $357.5k5 year balloon, 25 year amortization10% line of credit at prime +1One plus here, I won’t be paying interest on money I’m not using.A big concern is timing.

This helps to limit exposure to reversals and fraudulent transactions.

One issue i see with doing it the way you're thinking is that in our market in Miami the gamble is much more risky, with the crazy high rents in those areas you mentioned so you have to make sure that area can be constantly rented out, otherwise you're gonna have to bite that monthly lease payment.

Until you have the keys and your name as owner, it is all a gamble on whether anyone will want to bid on a project that might fall through.

Also that gap in title records is a huge gamble, which is why the title insurance company won't touch it.

Maybe if you thought it was going to go up to 450k it would be a good deal but that is essentially gambling.

@Wilson Tang I would need a bunch of research if I am going to gamble 100k, it is good to equip yourself vs believe what others say.

If the agent presented you some type of fraudulent documentation or fake pay stubs you may have some type of claim.

As an owner, they would be able to cut a deal with a renter if they wanted to take that gamble for some specific reason (i.e. if it was january and the tenant had a big refund coming).