If he can not sell it and find you are the lone person interested he wants to take 1st position lend you small amount higher than the market to make the deal.

The ones in 1st and 2nd position will be more secure than those in 6th and 7th.2.

I really appreciate the positive vibes.

What the teaching material means one should consider positive cash flow and have good return.

I'm a big proponent of very specialized 1st position Heloc that has the staying power more similar to that of a traditional mortgage.

. - My wife and I refinanced to a first position HELOC to get access to 80% equity.

That may not be a great assumption, but I also don't think I will be in a position to ask for the first lien on the property with only a $25k investment.

If you're cash flow positive after paying off all expenses (insurance, property tax, include 5% vacancy, etc.), it's never a bad deal.

Hard money is definitely going to cost more and like you mentioned you can't offer a first lien position.

Hi there,I need some help deciding if I should cash out of my primary home turned rental property (located in Orange County, California) before I am on the hook to pay taxes on capital gains, and pocket the equity or hold it long term with positive cash flow and possibly a retirement income.