I was thinking about doing a cash-out refinance to get another rental property, but want to buy a multi as an o/o in the next 6-8 months.

I have used debt to buy more properties and am not afraid to refinance or leverage.

Terms on the seller financing need to be exceptional, even considering the loan costs you'd save, if the price is just fudged higher, like 3%. seller financing doesn't add value to a property and you may need to refinance it, so look to market value, less being better.

This sounds to me like a normal deal in lots of the "up and coming" dc neighborhoods like Columbia Heights (full disclosure this is where my house is), H st, Adams Morgan (although I think we can all agree adams morgan is never going to actually get out of the up and coming phase), etc.TL;DR I would bet this is legit.

@Toni Fowler Your best bet is to start attending some local investment club meetings to network, learn, and ask questions about the market from folks that know it well.

The sit-down is your best bet.

If you live anywhere near there I'll bet you already know the war zones.

You bet @Mike ToddAnother thing to remember is this, your Broker will only get a portion of the commissions you are paid.

If you needed to get cash out of a property and had the equity to refinance, it would best case scenario still take 2-3 weeks likely to get your money back out.

The deals are actually quite different in that one property is a 3 family (looking to buy n hold most likely) and the other is a Single Fam (add-value opp. rehab/flip or refinance cash out).