Hi everyone, So I just purchased 2 properties and it is part of a portfolio loan.

Purchase price: $75,000 Cash invested: $50,000 Sale price: $171,250 Bought a condo in Mexico City (Condesa), flip it and invest to get it Short term rental ready, sell it as a business, with earnings around 2,000 monthly.

Since I don't currently have the capital to purchase or arbitrage a property of my own, this allows me to start building that capital to eventually move into arbitraging properties of my own. 

I wish i could purchase the SFR at these rates.

@Bryan HarveyI’ve done 6 cash out refis on rentals to use that cash to scale up and buy more and more rentals for free (no out of pocket cash for new purchases).

. - The property was sold via a membership interest purchase agreement and resyndicated on Dec 29th 2023.

If you cash out refinance you incur (more or less) all the lending fees associated with a financed property purchase (even though you are just refinancing the property you already own), and then you incur significant fees when you sell the property (closing costs, commissions, etc).  

Hey Kevin,I was representing an investor that was purchasing a quad in Gainesville last year when a storm came through. 

Purchase a business property such as an automotive repair shop.

Purchase = $310,000.