You can get a cash out refinance with the new appraised value after three months of your last purchase and loan depending on the state (lenders are licensed state by state). 

Are you cash flowing the property?

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Purchase price: $135,000 Cash invested: $80,000Turned a 2 bedroom 2 bath house into a 7 bedroom, 4 bath house.

This can be a major cash-flowing asset for you & your family.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

PS: I made a mistake on the Cash to Close section.

Insurances are getting crazy high now, so you have to shop around a lot to get a good deal and it is one breaking point to generate cash flow.

If you are a cash buyer that works in DELCO please let me know and I will include you on any future opportunities.

If you see a $220k listing for a duplex where each rent is $1000/month you see immediately that this deal is CLOSE TO 1% and that with negotiation or other improvements in rent or savings in expenses could meet or exceed that.