Hello, I'm a newb from Bentonville, Arkansas.I found a motivated seller in a nearby town that has around 30k in equity paid into his 105k home loan.

In an environment such as yours were cooling will be in equal or greater demand than heating, I would opt for the Mitsubishi.The deal for the larger (80-unit) building referenced above did not happen, so we did not have the opportunity to retrofit that building.

Private Placement Offering-- two years ago I was working on a Busienss Loan - there are attorneys - who charge $10K to $15K and Prepare a Private Palcement Letter Even one attorney from California --suggetsed he can raise $1.5 million from his clients --You can buy list from List Broekrs --of people with $250,000 liquid casha nd $1.0 million net worth --and send them letter --2 Much simpler and easy --in 70's and 80's I used to attend seminars and bought few courses --call Equity Sharing -- You haev 12 houes with 50% equity -- over $300,000 in equity -- Approx Guess- you can sell future equity -on Individual homes to local doctors, professors etc OR have these same people give you mortgage on individual homes --give them 8% or 10% interest -- and many will be ready Also use- equity in existing home to use as down payment to buy other house --unless you are buying REOs and need all cash There are hard money lenders --also

At today's interest rates, paying extra principal for a year or so is just not going to make enough of a difference to justify trapping your money in equity, especially in a market that many expect to correct soon.

Essentially this would be akin to using a HELOC in a similar manner as a truth-in-equity hack.

In this case, that would completely pay for purchase of property plus $8,750 towards repairs, and leave me with a free $26,250 in equity before cash flowing from tenants.

(She is also pretty well known in this area.)We will both put in equal amount of cash to purchase property, and then get a HML for renovation costs. 

But it's in a top location with excellent school systems, etc.I will have at least 150k in equity after completion.

To get built in equity you have to take more risks and be more involved.  

started on 14k - brought 4properties in 13- sold two to make enough to get one Reno budget- sold that last year for highest price achieved in area  -brought two more- doing another Reno now- - in two years made enough to live off on rents and over 300k in equity- all from 14k and a tone of hard work, picking up old furniture off the road and turning into "rehab addict" like houses!