I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.I upgraded to BP Pro & upgraded my profile.

Greetings all,I was wondering if anyone familiar with the Pittsburgh market has performed a cash out refinance of a multi-family, and if so, can you provide me a recommendation on a local bank?

I have been actively acquiring Notes for passive cash flow since that time.I like the the passive nature, the safety and the cash flow that I receive from Performing Mortgage Notes.I upgraded to BP Pro & upgraded my profile.

If someone then wants a showing I will say, "great, we will be performing a background check and need a $35 per person 18+ years old applying to live in the home - after we have processed this successfully I will gladly show you the property in person."

As for why to sell, we own lots of vacation rentals in different areas (we just haven't sold any of them), and this is not one of the higher performing ones. 

@David Van Brunt I use rentometer.com and have found them to be reasonably accurate.

For the lender to pick up more exposure, they tend to look at the performance in an asset and typically I have seen anywhere from 30-40% down and interest in the 6's.

@Mike MakkarI own several other rentals and so my personal residence could just be a very poor performing part of that business or I could just pay my mortgage payment to the rental business as rent.

The numbers given are not exactly accurate.

You can buy performing notes which is passive and collect checks.