Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

There's a lot on the landlord side that you'll want to get caught up on and it will take some time to get your systems right but I think it's worth it.

Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

As a license agen, you will have a fiduciary responsibility to tell sellers what their property is actually worth. 

Quote from @Bob Schulte: I’ve seen plenty of private money lending stories go south, and it’s definitely a topic worth discussing.

It is a cash only deal.

What is your time worth to you?

I get a few more calls for service but higher rent is worth it.

Current goal is focused on growing a portfolio and reinvesting cash flows.

I'm looking to do a cash out refi on a duplex I have, but I cannot find any reviews online or much of an online presence for them.