You've been sold the wrong groceries here.

@Tri Tran Dude....you are in the wrong business.

They look good on paper, but there are a lot of things that can go wrong.

(It’s doable, and I can show you how it’s done.)What else is wrong with this ad, you ask?

But it's still wrong...

There's nothing wrong with that and It's often impossible to jump from the lower tier properties to more expensive real estate after the first round trip because most fail to make a profit.

So, which part of it is illegal or wrong?

If you are wrong, you might have to sell for a price below market rate.

I've had more folks than you think in your same position who look to cut cost with the wrong professionals and then regret it.

You won't have to pay tax and recapture of depreciation.But still, for cashout refi you still have to pay interest to take out the proceeds and also pay closing costs.Can anyone educate me if I am getting this wrong?