since lenders don't like too many loans with an investor, and since i plan on buying several hundred over the next few years, i thought it might be easier to go private.i would buy with cash and rehab. afterwards i would refi to pull out investment and some profit, not going over 80%LTV, with new 1st. explain to lien holder that i would be selling doing a wrap to create cash flow. be up front with them.just wondering if this is plausible. i would love to get opinions or any other ideas for accomplishing this.jim

The contractor was never in town, didn't pull his weight, and it was one delay after another.

To me it seems like a simple problem containing two factors; 1. the mortgage (including taxes insurance etc), 2. the rent.The only solution I can is to to make RENT greater than MORTGAGE.

I could refi and pull 10k out and really only lose about $100 in cash flow.

If you pull some more equity out of your primary residence and can pay it down to an 80% LTV (if you have any left) and the rate should drop dramatically.With an 80% LTV you could get an interest rate around 6% and an I/O payment of about $760 plus taxes and insurance.

They are very well positioned, but I think he's waiting for someone else to pull the trigger.

Forget about trying to educate them.regardless of product - sales is sales is sales.For example my last gig was selling marketing solutions to car dealers.

Should I pull a few extra thousand out of the refinance and hold it to cover like the mortgage when its not rented or any unforeseen repairs?

The particular part of the area that this house is in is the lower end of this area, so pulling a straight average price per square foot for the area would be inaccurate because it factors in the other very nice houses located in a different part of this area code.

Your job is to find SOLUTIONS to fix someone else's problems!