I am looking to cash out refi here soon to pay it off and use again to purchase my next rental property.

These concessions lower the cash needed to close and also lower monthly mortgage payments, which are usually the highest expense for 2-4 unit investors.

Purchase price: $196,000 Cash invested: $42,000 Sale price: $369,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Pine Cone Way, Mountain Ranch, CA.

My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

Are investors looking at other markets with positive cash flow? 

I'm trying to BRRR and add value to cash out refi in 3-6 months to buy another.  

Hi Brandon,It's likely more effective to look for private lenders at those ranges as most investors buy cash or use private money at those ranges.

In my case, I wanted to keep my mortgage payment low, so I decided not to do a cash-out refinance and instead opt. for the HELOC.Either way, it sounds like you have some great equity to leverage to achieve your goals.

My recommendation is you talk to a lender on how much cash you will need. 

Also you need to ( to get the best deals ) be cash.