repost from earlier post...Hello everyone, in my first 90 days, I took the challenge and found my first investment property with incoming money producing tenants.

Hi Carlos - is a cash out refi doable with a property that is not yet producing income?

Since we have gotten momentum with the new listing on Airbnb, I am booking out well into Sep/Oct/Nov at the time of writing this post and I anticipate that the next few months will produce some positive cashflow.

CrestCore has produced an awesome interactive website ranking the zip codes in Memphis.

Bottom line - All hype, bs, misinterpretation, opinion bias, etc aside, sellers willing “owner finance” the sale of their property for one reason - and one reason only: They PERCEIVE that they are getting a higher price for their property by owner financing than by a cash (cash to them) sale.The “perceive” part is why buyers can sometimes structure terms ridiculously one sided in their favor - because some sellers are so focused on PRICE they become oblivious to anything else.It’s why I and numerous others have been able to structure 20 year owner financing loans at ZERO interest; why sellers have accepted “substitution of collateral” that gave them a lien on recreational land I had rather than their own income producing property; why sellers accept second position liens and allow buyers to obtain new first mortgages ahead of theirs (subordination), and why sellers always accept mortgages without my personal guarantee.I myself sell properties and provide owner financing to obtain a higher price.

Then you have your top producers who have been in the business for many years and conduct 10x the business of the "average agent". 

It doesn't take long to make tiny adjustments on the dashboard.

Does look a bit tiny on phones. 

The property has under produced based on the P/L of the last three years

Typically the property needs to produce 25% more cash flow than the expenses and the loan goes up to 75% of the value.