Most people have to use hard money lenders to get financing for flips, and once they’re complete they either sell the property (usually within a year of purchase if everything goes well), or they’ll refinance it into a traditional 30yr mortgage (search ‘BRRRR’ for more on this strategy).Good luck with your first home!

I have utilized a cashout refinance strategy to obtain some additional funds for other projects.

I have utilized a cash-out refinance strategy to obtain some additional funds for other projects.

This is definitely one of the points to the BRRR strategy that big many people talk about.

Although banking on equity is a bad strategy, I would hate to see you have no equity and no cash flow one day. 

That said, this strategy may only work out in certain situations but keep your eye open because it may appear and if u did ur research right, u should capitalize on the opportunity.

One common strategy for reducing taxes is using an S Corp which can help reduce self-employment taxes.

But it really depends on what your exit strategy is and what your overall investment strategy is.

For local or long distance investors, do you have any strategies?

By selling two houses in Oregon we can afford to buy 3/4 cheaper houses and use the BRRR strategy.