Purchase price: $89,900 Cash invested: $5,000 Opportunity knocking!

Hi @Ari Hadar, the simple difference between a cash-out refinance and a simple refinance (also called a rate-and-term, knock-out refinance, and a few others names) is this:A cash-out refinance pulls cash out of the deal, either set at a Loan-to-value cap or a "how much you want out" cap, depending on which is a lower total valueA knock-out or simple refinance refinance knock out the existing debt and put a new loan in its place with a new rate and term. 

Also, knocking on doors (aka "driving for dollars") is an outdated way of doing this and honestly isn't worth your time.

Mail, Phone, or Knock on the door?! 

He knocked on the door of one home (keep in mind, she is an owner) and discovered the following:Front exterior door was broken, leaning against the opening with a blanket hanging over the opening to close it in.When he peeked around the blanket, he saw the room to the right filed to the ceiling with full bags of garbage.He noted a possum in the home with garbage hanging out it's mouthHe noted a trail off to the left between the bags leading to the back room, trail was about 15" wideHe followed her car into the park and knew she was home but she would not come to the door.She leaves for work every morning and is home by 5She drives a new (2021) carShe is the owner if this home, not me. 

I always get the ball rolling on anyone who is ready around month 4.5/5 so we can knock out appraisal, underwriting, title, etc ahead of time and fund the deal right around that 6 month mark. 

Cap rates on paper are academic, the school of hard knocks is the real educator.

Does one just simply knock on the door, introduce oneself and say "By the way you gotta change name in the check" or is it a little more involved than that?

I don't want to knock on doors.

Door knock I made 20k wholesaling the 4th property i knocked on I also have a friend who wanted to get into wholesaling who used to be an ADT door to door guy and he made 30k in his first 60 days of door knocking on my team. 2.