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).

(by the way I can't get the @ mention to work I've followed the BP instructions too)These were refinance and purchase transactions.

I'd bet the majority of people here still have a full time job.

End result would be to sell said property or refinance and keep as a buy and hold after all repairs are done.

That would be a nice monthly payment.I'd bet you can get the taxes down from $2200 to $1500-$1700.

You do not want to refinance so soon.

I think that using the equity in your home towards the down payment of another home is your best bet.

The goal will be a profit on the first house, which will be where we'll really learn as we 'do' then move on over time to flipping more quickly, refining farm market, etc.I found Bigger Pockets when my business partner sent me J Scotts book on Flipping.