I want to cash out as an investment property putting me at a 8% but I don’t know anyone that has done this.

I have written at length about the case and effects of inflation.

I can cover the negative cash flow for the remaining mortgage term and may look at paying it off early.

My Co-Owner just finalized our LLC and have started looking at properties for potential buying opportunities.

Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

I’m reaching out as I’m looking to venture into the real estate investment world—something I’ve always wanted to do, and now I’m determined to take action.Last year, I found the perfect multi-family house, but it fell through at the last minute, leading me to jump into a single-family home.

@Sathya Priya Sampathkumar   In RI probably your price I would look at providence and surrounding areas but you might be better off going to Worcester or western MA if you want to stay in MA.

At closing the buyer will need to pay the difference between the amount owed on the mortgage being assumed and the purchase price which would easily be 1/3 or more of the homes value in most cases. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I’m concerned that $60K ($50K after penalties) won’t get me far in starting a short term rental though… I’m also hesitant to do a cash out refinance on my home loan because we have a great interest rate at 2.625%.