You also need to consider what is the cost of having that capital tied up for an extra three months and if you could pick up another property within that time frame using the cash out proceeds then perhaps it makes sense to take a slightly higher rate now, unlock the cash, and keep the portfolio growing. 

I've started0my search for my first real investment, after owning a number of "turnkey"condos over the last 20 years.Other than finding the right price via door-knocking or outreach or off MLS endeavors, what are some of the things you've done repeatedly that is unlocked value that sellers or your competition other buyers has not seen?

I have done deals like that with other people to unlock equity in other deals that have required creative financing.

@Nero Leblanc Since you own the Property free and clear,i can help you Unlock the equity in your real estate in other for you to use the funds for the rehab or any other thing you need for.You're real estate is the only collateral.

If so, I agree with the person who recommended to refi or get a HELOC to unlock the equity and continue to invest.

short answer is you don't get into them.you just have to walk around them and peer into the windows..if the windows are all closed up.. then that's tougher. many times a window will be left unlocked you can get in that way but its trespassing.many times as well a few days before the sale all of a sudden the back door has been kicked in.some investor ahead of you.. simply wont bid unless they get in side and they have kicked the back door in.ONe guy I knew was small of stature and could get in through doggie doors  LOL.but that's the nature of foreclosure business..

I cut my vacation short and started driving home to unlock doors for the 30 guys. 

I would  1)  leave rate unlocked    2) get  formally  approved for the  refinance  in order to make sure that all the  details are  acceptable .....once  approved - 3) pay for the  appraisal to  be  done so you know precisely what the value you are working with is  ....once all these  variables are known - watch rates and determine when you want to pull the trigger to lock and close

Someone got locked out, called me, and then realized they left the slider unlocked.  

Also the sliding lock latch of same doors is rusted, one so much that the door can not be unlocked to open it on one unit.If there is not a mobile repair company, it there a place one can buy the parts?