And if THEIR life changes to the degree of needing a chunk of cash, they can and often will approach you with an offer to discount if you payoff early.Happy InvestingDerek Dombeck

Often times, these same tenants are paying $300 below market rent at the same time!

I never met him but we spoke often throughout the project, I received a fair price for the job and the job was done on time.

Only a few banks like Wells Fargo will give HELOCs for investors, but you can often get a teaser rate the first year and closing costs are either low or non-existent.

It could be a good sign or a bad sign.On average approximately 10% of tenants are bad.

I say its great that they were able to make it but hate see the disappointment in their eyes knowing they cant do it more often.

But all too often buyers just try to get what they can.

The cash out re-fi typically has higher closing costs (and often requires an appraisal too).

Residential appraisal are based on CMA, often price per units.Commercial appraisal based on the income approach. -- If they are Residential then you need to know what units of the same type are selling for in that market.

Often times banks don't want to do mortgages for small amounts though, but they will do them eventually.