And when you initially bought with cash, you have 100% equity, so any refi is technically an equity pullout.

Recently the Revenue Dept has been sending out letters to homeowners demanding PA Inheritance taxes from 10 or more years ago, even before the homeowners bought their home. 

if he bought it for 210 last year what makes it worth 260+ this year?  

The slope is very heavily felt in the entry/living room but the bedrooms and kitchen have very little slope so I am guessing it will still be a very decent rental.The current owner bought it for $43,300 to flip, had it under contract at $103,000 and again for $96,000 this year but both fell through due to inability to find financing.

And if you listen to some $100M advice you find the reality of earning a million per year is hard work all the time, i.e. work 80 hours per week, read 10 books per month, grow your business and brand in the same industry for at least 10 years, cut spending (which you can do), etc.I've been hustling for over 25 years and have yet to come across any significant passive income streams.

Are you able to refinance a property bought via seller financing using the delayed financing exception?

This may work if you have  another housing crunch and people who bought and were clueless as to what they were signing. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Providence.

Purchase price: $196,000

Cash invested: $7,500

I live in it and rent out the upstairs.

What made you ...

Purchase price: $50,000 Cash invested: $20,000 We bought our first single family home, a 2/1 with minimal work needed.

I closed on a SFR in July that I bought on Auction.com.