Any private lender is highly unlikely to go into 2nd position behing seller financing, and most are not going to want to have a seller finance lien involved at all.

Good morning BP community! First, thank you BP for being such a great resource and forum; this is my first ever post on BP despite having first signed up in 2013/2014 timeframe and then left the community because work...

2 SFH remain. Rents at 1400/1500 mo.4% notes. Balance remaining 50k ea. Value 300/320k. Bought for 70/100k app 20 years ago. Refinanced, 10-12 years ago, cash out, lower rate. Payments are 900/mo mortgages total for ...

The math today is simple: liquidity = safety, leverage = growth — blend both and you accelerate without overextending.

This should improve odds of cash flowing immediately although may involve some compromises as compared to what your ideal home might look like but worth it in the end. 

I've tried modeling out:Buy a 700k property w/ a mortgage (20% down).Use CostSeg / Bonus Depreciation to offset 37% tax bracket w-2 incomeOperate it (materially involvement) to a break even cash flow (including debt) for 1 full year.Sell it and 1031 into a 800k property.Repeat 3 times.Sell the final property (now at 25% bracket)Assuming appreciation covers "other costs" my math keeps saying this is not as valuable as just sticking the original 200k (140 downpayment plus other costs (legal, closing,etc)) into fund.I originally convinced myself the bonus dep was a no brainer, but now the math isn't working out.  

I completely agree...if they can't articulate exactly how the math works, what their track record looks like in doing that specific type of investment, and how they mitigate downside risk, then it's an issue.

It changes deal math, buyer psychology, and activity.Locally, inventory is sitting at 3,047 active listings, and it’s trending down.

I figured it out.line 18 includes the extra cash I put up for the new propertythe math is mathingtaxes are generally easy, no need to pay someond

I know there's great free tools out there, but I wanted to build my own BRRRR model so I'm very familiar with the underlying math, plus I also just enjoy the process.