When speaking with lenders, make sure to ask about their seasoning requirements for cash out refinances. 

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to send me a private message if you have any questions here.  

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call, direct to sellerProduct: 12 unit multi familyPurchase: $850k, owner financeLoan 1$250k first position loan (down payment to seller)2 yr balloon, 12% interest onlyLoan 2$600k second position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Refinance into 30yr VA and got $38,000 cash out for use in Florida investments.

I figured I have plenty of time to take on the extra work and It will also help me cash flow more and help me get to the next property.

Feel free to DM me if you rather not share those publicly.

I seem to recall look at a Sponsor Oh maybe 3 to 5 years ago that ONLY paid cash ..

If its local to me, I'll hire one of my kids friends to live there for awhile.... give them some food $$ and have them crash in the unit rent free for a few weeks.

Purchase price: $33,000 Cash invested: $6,000 3/2 on a quarter-acre lot in a rural setting.

If you ever have any questions or get stuck along the way feel free to join our free Facebook group. https://www.facebook.com/group We do live calls Wednesday at 6:00pm CT with Q &A.