. :)  You win, I lose.A follow-up though.

Following because I'm in the same situation (want to refi or get HELOC on my 3 fam, but looking to invest in another close market)...

A friend of mine just got burned with his condo in San Diego following the self managing strategy.

Hi, guys!  I'm mainly into short term rentals, but recently began broadening my REI exposure to learning about SF/multi-family properties.  The other day, I was driving to MIL's house to drop off the kiddies, and ther...

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I read through your blog post and was confused on one sentence where you comparing the difference in waiting vs delayed finance. where does the amount $5,757 come from in the following sentenced pulled from you blog:"ARV: $85,00075%: $63,750HUD: $58,553.36Difference: $5,196.64.

In order to do that, you'll need the following:1.

And ALWAYS follow up.Here are the numbers on the deal:- $108,000 Purchase price- $8400 closing costs- $70,000 Rehab Costs- $2,000 holding costs for two months (estimate is 5 weeks to completion but lets say two months, it wouldn't be so quick but equity partner is full-time GC on-site)- $274,900 ARV (Appraisal completed by bank)- $5,498 Selling Costs- $16,494 RE Commissions.Net Profit = $64,508 about 23.5% profit off of ARV.Now the fun part begins, I'll report back with pictures as we go through this.

When you notify them that they are not the right fit for that unit, I would mention that you will keep their application valid for the following 30 days.

So if/when the market turns I don’t expect to see rental income following.