Purchase price: $170,000 Cash invested: $150,000 Renovation and hold plan.

In my case, I wanted to keep my mortgage payment low, so I decided not to do a cash-out refinance and instead opt. for the HELOC.Either way, it sounds like you have some great equity to leverage to achieve your goals.

I hold two properties in an LLC, one property is currently a STR with less than 7 night rental on average and I provide hotel-like hospitality services and materially participate.

Hi Farman,For us and our goals, we look for areas that can potentially generate the 1% cash flow rule.

The travelers who are willing to do rent-by-room also pay on the lower end of the spectrum so it may be hard to get your property to cash flow. 

So cash out refinance is my only option 

There is no trick to building a cash buyers list; it takes time to build relationships.

You should stop by the Cash-Flow Breakfast club in Moco, great community/networking for real estate investing.

I’ve seen cash flow in the 10-18% range there, with plenty of potential for growth. 

What is the best cash offer  i can bring to the table since the owner want his equity and does not want to loose the home either.