You can do that with as little as 3.50% down on an fha renovation loan where all the reno dollars are given in the same 30 year fixed rate loan.

With interest rates and just the way RE is in most markets, you might leave some money in the deal with the BRRRR.

The CAP rates aren't great, the vacancy rates are high, majority of multi-family locations are in areas with unreliable tenants.Overall, it just seems like it's difficult to achieve reliable passive income here. 

Hi Alex,As for conventional cash out refinance, assuming you will use full documented programs, your rates and terms will be largely dependent on your credit, income, DTI and equity.

IMO this makes Texas the preferred choice for series LLC, although the (over rated) non publishing of organizational information in Wyoming and Nevada will have others disagree.  

He said it is "nearly impossible" to get a good interest rate by purchasing through an LLC and that it will take an "arm and a leg" to get the deal closed.

With current rates my mortgage would be about 4600$ and doing basic math i would have to pay about 1300$ to live in one unit.

With interest rates going up from the lowest in 30-year history of 3% to 7%, many people sentimentally feel that this is not a good time to buy a home and are postponing home buying decisions until after interest rates drop down.Let me explain why this is a wrong way to think about buying a house and why now is a great time to enter the real estate market.Reason #1 is that interest rates in your lifetime will never going to be as low as they were during pandemic.

I am looking for the best options to get a long term rate around 7%. 

I have roughly 50-70% equity in each property, each property has a 30/yr mortgage with interest rates that are pretty low (3-4%).