The bank will re-fi for $180k (ARV of $250k) So Im $15k short, Right???

I spent the last couple of years discouraged from real estate investing, but after re-reading “Rich Dad, Poor Dad” again I want to get back on the FI trail by building cash flow streams.

https://www.latimes.com/business/la-fi-shapiro-woodbridge-ponzi-arrested-20190411-story.htmlProsecutors said the Ponzi scheme was orchestrated from Woodbridge’s offices throughout the United States, including in Sherman Oaks, where it is headquartered, and in Boca Raton, Fla., where it was previously headquartered.High-pressure sales tactics were used to secure money for what were promised to be “low risk” and “conservative” investments, but in reality the funds were funneled to real estate owned by Shapiro, according to the U.S. attorney’s office.Woodbridge eventually became financially insolvent, the scheme began to unravel, and Shapiro in 2017 considering filing for bankruptcy, prosecutors said.Still, he, Roseman and Acevedo continued to sell the fraudulent investments without telling investors Woodbridge was on the verge of collapse, according to the indictment.

My brother hit FI with rentals and doesn't have any of them in an LLC.

@Colleen F., I blame it on tired eyes :) .

Owner occupy a great multi, re-fi and scale up.

The numbers were touch and go regarding cash flow and market value for re-fi.

Currently we are saving to re-fi out of the FHA into a conventional loan so that we can get rid of the PMI.

You would have to work out the math to see if paying the points and higher interest rate on the HML would be worth it of course, but if the value is there and makes sense from an overall profit standpoint, a HML could be useful to buy it quickly with the aim to Re-Fi it out as quickly as possible.  

If you are in the Greenville, SC, I would definitely recommend Brad Ledford with The Art of Real Estate.