Looking to understand the easiest / simplest way to cash out refinance the property and use the capital to purchase our next property.Long story short...- Bought an investment property for $110k on a second home mortgage 10% down (mortgage and deed still in my personal name) 2.75% interest- Renovated property this Spring (with all expenses run through an LLC with two friends, we each have 33% ownership)- Property is cash flowing nicely on short term rentals (all revenue run through LLC)- Current Zestimate $200kI have not yet deeded the property into the LLC, as I know we want to potentially refinance next year to extract our equity and use it to purchase another one.

@Franky AikensThe problem with “wholesaling” as the term is now used (incorrectly, but that’s another story) is that people with no intent, ability or financial capacity to complete a transaction themselves try to disquisition that and lead the seller to believe that as long as the property appraises at the sale price and no major repair or title issues arise, that the sale will take place.

Here's what we're considering....Background: 4BR, 2.5BA 2-story home ~2.5k sqft w/ small 8x10 storage shed, carport, but no garageOutstanding Debt: $88kHome Value: $250-270k Estimated monthly rent: $1600 (low) $1800 (expected) $2000 (high)Where to go from here? 

I was hoping that this would be the key to changing her mind, but there are so many horror stories and worst-case scenarios in the book so far that she mentioned it's making her even more turned off to real estate investing!

Take advantage of networking while sharing your story with all of us.

I always wanted to own rental units but have great fear of all the horror stories with renters 

@Dillon HammanYou'll likely find similar stories but if you learn a market well enough you can always find value.

Thank you for sharing your story and happy to have you here.

Thank you for sharing your story and wishing you all the best in the future as you invest and work towards your financial freedom.

In real estate school they tell students about a story that involved a situation like that with a little old lady and her son hammered the crap out of the agent down the road.