Then over the course of the first year or so, if you could raise the rents by a total of $1k/mo (they are currently $2k, $1k, and $1k), then you might be able to pull out about $60k-$80k in a cash out refi. 

Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity. 

I am stating out with wholesaling and once I raise enough funds will be investing in rental properties and flips.

To refinance at 70% LTV (new value) you’d need a capital call of around 30-35% of the original equity raise.

If you're wondering if rates are too low, raise them a hair in advertising and see if your number of inquiries drop.

@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?

My name is Zapa, and I am born and raised in good ole Kentucky!

Hey BiggerPockets Family,My name is Gabriel Peryam, and I’m a born-and-raised Athens, GA native.

And more than 600,000 residents are projected to move to the county in the next 25 years — raising the total to 1.7 million by 2050.Along with Mecklenburg, approximately 79% of the growth in the Charlotte region is expected to occur in the counties of York, S.C., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).County growth in the Charlotte region.A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.And, as always, if you have any real estate investing questions, I'm here to help!

I want to raise rent, but 700 bucks is not affordable for the tenant.