What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

I'm starting to hear - see little bumps in the market with first time buyers pulling back/ new starts slowing down just a tad nothing serious / rate increases.

Hey BP, I'm buying my first property using my LLC and Im curious about pulling money out as a company vs an individual.

-you don’t have to pay interest on a large fixed sum of money until you find or are ready to pull the trigger on a deal-it allows you lock in some or all of the amount at a fixed rate so your protected against rising interest rates ( given the current market conditions I believe we will see a couple more increases from the Fed this year which will increase borrowing costs for any variable rate products)- See this attached article that does a good job of simplifying it https://www.investopedia.com/mortgage/heloc/fixed-rate-option/

The pull for conventional loans independently comes from us getting lower interest rates and 30 year amortizations (higher cash flows) but we dont know if it will get sticky during tax season being that we arnt all on the mortgage together.

Pull some equity out of your existing properties, use a heloc for part, go to a local bank see what they have to offer, private lenders etc.

Is their a better way to pull money out and pay myself back?

@Eric Schwake,You can't use equity in the house that you own free and clear to buy a note (or any other investment), you would have to do cash our refinance to pull the cash and then use that to invest.$20K is definitely on the low side so your options for fining a note in this price range will be limited, but it is not possible, there are some out there... just be sure to do your due diligence and make sure that the underlying property is not a piece of crap, be prepared to foreclose in a case of a default and become the owner of that property.

I am jealous of that deal and I would pull the trigger, too.

We always pull permits and I was wondering if I bought something that is clearly an addition, if it would bite me later.