From what I've learned when you cash-out your equity like this, you are going to pay an additional 1% over the normal rates.

I'm trying to get one of these Finance right now and it seems like the lenders are asking for an additional 10% down because it's multifamily is that your experience as well

Also, note that that is in addition to the $450-$550 per unit in repair and maintenance each year. 

The macro economy has nothing to do with whether it's a good time to invest, it's just a matter or having the skill-set and experience to recognize opportunity....There are always deals to be had! 

It was fixed and just closed on 6/14/18 for $759,000.Breakdown/Deal Numbers:Acquisition Costs (AC): $525,000- Purchase Price: $510,000- Closing Costs: $15,000 (hard money points and fees based on $408,000 loan amount)Rehab Costs (RC): $80,000Monthly Mortgage costs: ($2890 per month for 6 months = $17,340)- Utilities: $600Selling Costs:  2.5% (as a Broker I listed the home myself and saved the other 2.5%) Sales Price (SP)  $759,000 closed 6/14/18- Commissions to Selling Agent: $18,975-Selling costs (property taxes, title, escrow, etc) $8,000Total Net Profit: $109,085 – Taxes & Any Additional Selling Costs- $759,000(SP) - $26,975(SC) - $17,940(HC) - $80,000(RC) - $525,000(AC) = $109,085Before:After:Thank you for reading.

If the property with the squatter was a good deal why not buy it as-is with squatter (and an additional discount 🙂) and then get him out?

This lot will support 2,800 buildable square feet so we are looking a building a main house then an ADU (Additional Dwelling Unit).  

An additional 10 - 15% .  

Due date July 6 or I could file additional BK to stall ?

the additional 400-500bps in an alternative investment is nice, but not the primary consideration.