If you purchase a 1-4 unit with all cash you can within 6 months of acquisition acquire a cash out up to 70% of market or acquisition whichever is lower (if you have 1-4 financed properties, 65% LTV max if you have 5-10).

Which is the best way to approach and acquire private money.

Anyways if I were in your shoes, I'd probably refi and use the untaxed proceeds to acquire new ones.

If I was you i would also do some reading in creating financing technics as they can come handy to acquire properties.

I had acquired my first property with a long-term plan to acquire one additional property every 3-4 years when I moved to a new location.

src=/program_o...Focusing on free and clear houses in your marketing, and offering installment sales to maximize their home value, getting a cash flow for long period time, and leaving the cash flow to their heirs or their charities I feel is a great way to acquire properties without banks, and holding the property for your own retirement for a long-term rental say for 15 to 20 years, and then you having a free and clear house for yourself, without using banks or large down payments.

However, I have been working directly for a real estate investment group in Boston for almost 4 years where my job is to find and acquire investment properties and to support the operator of a $100 million portfolio.My first piece of advice to you is to be patient.  

First off, hats off to Brandon and Josh for creating this amazing resource.I've always been interested in real estate but never committed to learning and setting my goals until this year.I'm currently located in the Boston area, and am looking into properties that are in towns an hour or two away as my target geography.My short term goal in the next year or so is to acquire a multifamily property in a region with low vacancy.

If you know you may have increased holding costs, and at the end of the day you know you will have to discount the property just to sell it, you will have to be very careful with the price in which you pay to acquire the property.

If your cash outflow is still less than what it would have been had you not acquired the property and you rented someplace to live, then it probably wasn't a bad deal given that you would be building equity over time anyways.