They will also rent out the home at market rate.

That way you can tap your equity without losing your current mortgage rates.

If you're buying a $550,000 home, at today's rates, your monthly payment is like $3500 or so.

You got your house pre-pandemic at a steal and refinanced at those incredibly low rates, allowing you to undercut the competition significantly.

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.

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.

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