I have two under contract that I want to fix then re-fi in Sub LLC name (no credit established).

So in theory, if there was a ton of equity in a property, could they cash out just prior to selling, take the HELOC or Cash Out re-fi money tax free, and then sell to cover all liens on the property and have a much reduced "profit" from sale, so much so that they wouldn't owe any capital gains.

Owner has mortgage on the property for 80K and has a FMV of 115K and the owner can not re-fi due to his DTI and fico.

I'd highly recommend it as a roadmap to setting yourself up for FI, and it may cause you to rethink investing in your 401k in favor of better returns elsewhere.Here's to your REI adventure!

With the re-fi you are just supplanting the lien (restarting your amortization) and taking what cash is left over after you've settled the debt.

I am originally from Greenville, SC.  I

I have about 30 grand saved up and I'm looking for a starting point so I would be grateful for any advice for anyone can provide to my situation thank you and Semper fi!!!

He's an anesthesiologist in MN, on the FI path.

Lets take a quick look at the numbers on the house hack duplex:Purchase price: $160,000Renovation budget: $21,000ARV: $215,000 Rents: First floor: $1,250 before being fixed up, but i am occupying and its already fixed up.Second floor: $850Three garage bays: $95/each Total expenses after re-fi (PITI): $1,815 (NJ taxes are unreal!)

@Michelle Dunlap How does the re-fi compare to a HELOC?...