We’re under contract with them for an all cash deal but they keep missing closing dates.

Most will tell you to replace all to cash the big check.

Purchase price: $360,000 Cash invested: $80,000 This was initially a fix and flip deal that turned BRRRR.

But if your friend is not the actual buyer and signed the mortgage docs this could be impossible.sell in 2 weeks for cash. this can happen. as stated a above payoff the loan in cash now.If your friend is in title to the property they can file BK  which can be pretty devastating to someone long term but gives them time ..

We have roughly $100k in equity in our home and about $25k in cash or liquid investments.

Is it cash flow, is it appreciation, is it another strategy like a househack, etc.? 

Purchase price: $289,000 Cash invested: $25,000 4 2 bedroom units bringing in $800 for each unit.

In that environment buying in the hood becomes very tempting, but that little bit of cash flow comes with a huge cost in headaches, the probability of property damage (things like a charcoal grill in the living room) and long term you might just be treading water.Average net cash flow is probably around $200 per door after you have stabilized the property, so you need a few units before it amounts to something.

You could even negotiate into the contract that if the neighbors qualify you don’t have to pay the full leasing commission If needed some cash you could always do a cash out refi and take a small amount out.

House hacking means low cash upfront, while living-in loans have low down payments too.