That way he doesn't incur Cap Gains, and if it is actually a good deal, you should be able to get bank financing.

Hello BP members,Any recommendations for a bank/broker who can refinance a property I own in Orlando?

Remember the bank or mortgage company will have a mininmum that they will take, but they need the property off of their books also.  

It cash flows every month and it works.Also, be careful about banking so much on the appreciation, that's some crazy growth you just mentioned!

The Banks sole purpose is to make you broke  and for them to make alot off your money. 

If you do want to pay down the debt more quickly - and I have done this - then you can set up periodic auto-payments from your bank.

In my opinion they are one of the only sources of "borrowed" funds that a bank will allow on a mortgage application without having to jump through lots of hoops.

Im seeing very little in the way of cash flow properties but wanted to seewhat you all though about my inputs.Im making a few assumptions mainly looking at multifamily up to 4 units with 10% down (I know this is low but I've found banks that'll do that in my market for properties under 500k) then I account for maintenance/debt servicing from past experience (wondering if people have a better way that would take into account property age and condition for maintenance estimates), finally I set vacancy at 1 month a year (not sure if that is reasonable either). 

I live there and i would like to get a HELOC at 90% LTV to put the money towards a new investment.Anyone have any recommendations for banks I could use? 

We are super responsible when it comes to finances and watch all bank accounts closely.