Leave equity in or pull it out?

[N.A N.A]

On deals where you plan to rent, lease option, seller finance, or hold for any amount of time, which do you guys normally do? Obviously both have their advantages...but what strategy do you prefer?

[Michael Rossi]

I don't borrow a penny more than I need. Every property must stand on its own and every property MUST have a positive cash flow of at least $100 per unit per month. Every penny you borrow erodes the cash flow and lowers your equity (net worth).

If you NEED to refi to have money for the next deal, then I would refi only if the ORIGINAL property still meets the cash flow target using real world expense numbers.

Good Luck,

Mike