We do this because their cash flow is good.

I also provide an emergency line so they can reach us if they require an immediate response.

We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. 

Purchase price: $36,000 Cash invested: $5,600 Contributors: Jake Burkons Happy to obtain my first rental asset!!

If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.

I'm afraid this is the cash you are expecting at closing.

If you could help them by buying their house, treating them fairly, and providing the cash they need, doesn't that sound like a win-win deal?

Hey @Joseph Ducharme, congratulations on finding a great cash flow deal!

You could do a cash out refi, but you'd be dealing with current interest rates.MIke

Hopefully, his Bank statement should show he got paid in Japan unless US government paid him in Cash.