Turns out they can do refi's but they will use which ever is lower between the original loan and new appraised value. 

Originally posted by @Grant Vita:Have you or anyone you know that has been coached by Chris Goff?

Originally posted by @Bjorn Ahlblad:By the time you pay commissions and taxes you will wish you kept it.

As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

Originally posted by @Kyle Schlosser:I'd surmise that folks traveling in from outside of town for Derby (and related activities) would want to be in "A" areas (or thereabouts). 

Originally posted by @Wayne Brooks:No assignments of contract, no resale or mtg for 90 days after your closing for more than 120% of your purchase price, plus other typical REO language. 

Originally posted by @Juan David Maldonado:I'm going to be a teacher by next year in the SA area.

Originally posted by @George Blower:@Jay HawladerWelcome to BP.Thank you George!

Originally posted by @Shayne Whittington:Hey guys, I’m a professional athlete that plays overseas and this up coming summer is when I’ve decided to buy my first two rental properties.

Originally posted by @Lu Chen:I am an engineer working 9-5 in San Jose, CA.