While they generally have higher market Cap Rates than Class A properties, it is still variable whether they will have good cash flow or be an appreciation play.Class C Property:Continuing down the scale, Class C properties are generally 20 to 30 years old, and pull in blue-collar and moderate-to-lower income tenants who will generally be renters for life.

Was that purchase money, rate and term refi, or cash out refi?

The accountant would record it as of Jan and not Dec. 90% of the real estate investors are running cash-basis.

Sounds like a cash out refinance would be the best way to tap into that equity. 

Hey guys, I own a 4 unit that I plan on doing a cash out refi on.

I only have good words about it, and cash flow is always over 100€/month per property.

Fast Turnaround: Unlike long-term rentals, you can cash out quickly and reinvest.

Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.

Another question would be, if he subdivided the land using SB-9 and built a duplex or another single family on the new lot, is financing, cash out refi, etc the same as if you built on an empty lot?

This allows us to 1031 exchange post-sale into a new deal, compounding cash-on-cash returns and deferring capital gains.Let me know if you’d like to discuss further!