I started my real estate career very young and we optimistically ignorant to what opportunities were available.

. $50k 401k loan (29% taxes so $14,500 hit; I will just ignore the interest rate for simplified measures)2. $50k HELOC at 4% interest only; only fee was $75 yearly fee (no origination fees or any other misc fees)

I'm still learning so please excuse my ignorance to the topic.Thanks,RSH 

(Ignore the fact that lenders don't usually borrow under 100k, and that I may not be able to take out more mortgages). 

Just because you came to the midwest for the cashflow doesn't mean that you should ignore all other aspects of investing.  

Brent, Im not sure Ive heard much about a "Free" refinance, and sorry for my ignorance, but do you mind elaborating a bit on that?  

Once you sell the place, that would be capital gains.States sometimes ignore depreciation, I can't comment on NJ. 

I focus on cash flow, but hope for appreciation, I never invest simply for appreciation and ignore cash flow. 

I'm trying to understand the 7 years to 7 figures doc (https://bp-v-newproduction.s3.amazonaws.com/upload...) and I'm a bit confused how the equity is being utilized. Specifically, in year 5 when you're trading up to ...

Aaron Tjomsland I get the impression you are feigning ignorance that I actually do understand.But just in case.