Hey @Alex Short, it’s definitely do-able to cash flow on a multi-family unit.

I would think carefully about selling versus doing a cash out refinance.

The land was a separate all cash purchase.On top of that- I call GC and email every week.

This disqualifies a lot of borrowers or makes the terms undesirable.Cheers!

However, as long I keep good records, I can still correctly report my income.Here is the link to the Flat Fee Program. https://vrgne.com/flat-fee/Here is the link to the Independent Contractor Agreement:https://thevirtualrealtygroup.com/VRG-ICA-OPPM.pdfIn summary, after paying the annual membership fee of $327 and $595 per transaction fee, the agent gets to keep 100% of the commission. 

Cash out refi: When you cash out refi the property, the BOR will most likely increase the tax to match your appraised value.

Purchase price: $66,000 Cash invested: $30,000 Sale price: $169,000 I grew up next door to this property.

Hey @Jennifer Figueroa, if you were to refi already, do you have enough equity to perform a cash-out?

If you are buying sight unseen with cash, there are nonrefundable downpayments you have to watch out for.

Purchase price: $204,000 Cash invested: $30,000 This deal was an almost brand new construction in an up and coming area on the outskirts of Houston, TX.