Even if the investor can exhibit a positive profit with the conversion of the loan, what obstacles do you envision?

Unfortunately, I don't think that the refi would help pull money out permanently, based on my phone conversation with @Bill Exeter I'll let him comment.

I have been having fun with the realtors by telling them "I'm not here to see the house, I am here to see you", then I launch in to a conversation about my upcoming business venture.

So, 7% Cap isn't bad, especially for multifamily.1998 is still relatively new, so you shouldn't have too many capital expenses and too many maintenance items.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

Should you need to back out of the contract for any reason, you simply need to find an item on the inspection report that would NOT be readily apparent to the average buyer going through the home and looking at the property prior to making the offer.

It's not exciting party conversation, but it pays decent for the amount of work.

There were a ton of educational items we will take to our next flip as this was a huge learning experience.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!