Hey Bigger Pockets Community!

If they plan to buy it outright, you could just do a lease option, possibly.

You should not calculate that in your review honestly.Curious if you have the cash for that debt why not just pay it off as the interest is probably burning a big hole in your pocket

Hello everyone! I've been binging BiggerPockets Rookie Podcast for weeks now and I've finally decided to make the leap on to the actual platform and forums.I'm based out of Tampa/St. Pete, FL where my wife and I own 2...

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

Is that not a thing anymore or am I just blind?

The combined burden of vacancy, repair expenses and the overall stress has prompt me to reassess my investmentMy options seem to be:1.

At a 6% cap-rate my property's worth approximately $1.9 million instead.Does anyone know of any options like this out there?

As others have stated, bank statement and DSCR are your best options.

The program looks at location, property value, amount owing, interest rate, taxes, insurance, rents, condition, etc and several exit strategies.When we make an offer to buy, we can offer cash, subject to, wrap, seller financing, lease option, seller carryback and so on.Obviously if we wholesale the property, there is no carrying management needed, and if use a lease option to sell, the optionee is responsible for maintenance and repairs.