I guess you naturally attract what you are looking for. 

sometimes the bank will start a price at a lowball offer in order to attract interest.

It needs about 50K in rehab and I can provide addresses that we used to produce the ARV.

After being assured they would want to provide owner financing if there was an attractive offer- they came back 10 days later with a "we love the offer but we are not sure on the owner note".  

These are all areas that may need to be upgraded to attract new tenants into the building.

Hi, @Daniel Foster.As long as you're prudently borrowing against income-producing assets, I think a cash out refinance makes total sense!

Not to answer for James, but I think that's very reasonable - the life of a good furnace can easily be 25-30 years or more (I'm at 24 on my own furnace at home), and adding the central air will help him attract tenants more easily.

Oracle Loans LLC was also created in January of this year, so curious if anyone has an experience with them because the details of their Real Estate Investing Line of Credit are very attractive.

I let them know that I will likely have some questions on their numbers but after I do an initial analysis, if the deal still looks attractive I would request to view a few of the units in the property and do a general walk through of the exterior, utility areas and common areas.

The interest rate on the note is 5.5%, payments are interest only or more,and all outstanding principle is due the beneficiary twenty years from closing.If the underlying note of $1,100,000. were bank financed, and I wanted or needed tosell, I would need to attract a buyer who was willing to get all new financing throughsome means, or write a very big check at closing.