This is an essential tool for anyone buying a tenant-occupied property.

One strategy to rapidly increase door count would be to leverage an equity position utilizing a cash out second equity line or fixed second loan as a down payment for a new primary purchase of 2-4 units.

After assuming average repairs and maintenance, you’re AT BEST negative cash flow of $600 per month.

This starts with establishing your Why and deciding which side of the cash flow quadrant you want to be one, the left side as a employee or self employed individual still in the rat race, or the right side as an investor and business owner with systemic passive cash flow.

I would just do a cash-out refi with a 30 year loan.

The seller may face a big tax bill if they receive a pile of cash at closing.

As with any investment, thorough research and due diligence are essential to making informed decisions and maximizing returns in the competitive real estate market of Spokane, WA.

Cash flow is the main goal!.

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again. 

Cash.