Bates-Hendricks and Arsenal Heights are real close to FS so it seems a natural bet that one or both areas will change in a similar way--they might-- but my hunch is it will take several years for market appreciation in those areas. 

What you said totally makes sense.Do people usually use the cash out refinance option to get the cash to actually put towards the next property as down payment?

Other things to consider - do you need cash flow, do you need cash out of the sale (which will be taxable, but could do a partial 1031 exchange), what will you buy as replacement property on the other side, do you want to manage real estate on the other side or have totally passive real estate...If you’re considering an exchange, want to be hands off, and are an Accredited investor, you could exchange to a DST (Delaware Statutory Trust).

The DSCR is the Debt Coverage Rate which means Annual Net Operating Income divided by Annual Total Debt Payment.

@Tuan Tran Total gross rent per year minus expenses (not debt service) equals Net Operating Income (NOI).

@Jamie Hall  Ask the following questions to all potential brokers (in addition to commission splits, fees, etc.)  1)  Who will be my mentor, what is his/her experience in total # of MF transactions broken into buyers/sellers, how available is he/she, and what expectations (if any) will he/she have in return for advice (beyond commission split)? 

Since I wouldn't have a mortgage payment for two years, that was my plan, just save the money to apply it to the principal, however my fear is based on how hot my market is right now, so im afraid in two years would be totally the opposite. 

Specifically, if you’re looking at seller financing, assuming buy and hold investing, comparing the 2 offers below 1.Seller Finance: $250K, 5% down, 30yr @ 2.5% = $11,261 yearly debt service2.Seller Finance: $184K, 5% down, 30yr @ 5% = $11,260 yearly debt service Over the life of the loan, the total cost is the same, the only difference would be the ratio of interest to principal in the total payment.

We are looking to purchase the property with an existing LLC (or transfer it to the LLC after purchase) with the investors (and the LLC) combing funds to total the 30% down payment.

Hi, BiggerPockets community!I am closing on my 1st quadplex in CO Springs this Friday. Yaaay! :)All 4 units are currently rented. 3 of the units are long-term tenants that are on m2m and 1 unit has a year lease. I wan...