How I Completed a $1.5 Million Cash-Out Refinance on this 68k Square Foot Strip Mall! скачать в хорошем качестве

How I Completed a $1.5 Million Cash-Out Refinance on this 68k Square Foot Strip Mall!

I bought this property with one partner in 2018. I have since opened up an office in the building, added a tenant, improved the outside look, and had rents increase with others tenants in the property. Thanks to the added leases and getting a great deal on the property we were able to buy for $2.1 million and it recently appraised for almost $4 million. The refinance process was able to net my partner and me a lot of cash but it was not an easy process by any means! It took almost a year to get the entire thing done with many hiccups and added costs. We had to go through a rough appraisal, multiple environmental reports, multiple banks, and a lot of pushback from those banks. Persistent paid off and we finally got it done! I love this property and I wish I could buy 10 more like it but deals like this are not easy to find! The property had tremendous value add potential when I bought it but it also had steady cash flow at the same time. I have been looking for bigger deals like this for the last couple of years and made offers on a couple of properties but none have worked out yet. I will keep trying! I mentioned a few videos I would link to in the video and hopefully, I remember them all, if not please let me know in the comments. Cash-out refinance details:    • How Does a Cash Out Refinance Work on Rent...   How we added value to this property:    • How We Added $2 Million Dollars in Value t...   The property when I first bought it:    • New Rental Property 68,400 Square Feet Bou...   Before and after of my real estate office:    • Before and After Real Estate Office Remode...   Before and after of the dance studio:    • Before and After Dance Studio Remodel: Ama...   How we increased the appraisal:    • Appraisal Increased from $3.5 Million to $...   To get the free book showing how Mark Ferguson has made more than $3 million from rental properties alone click here investfourmore.com/yt You will also get direct links to some of my most important content, notices for new articles on Investfourmore.com, and special offers. ———— To see more free content on a daily basis check out the InvestFourMore Instagram page:   / investfourmore   ———— The best way to get in contact with me is through the Insider. I answer any question asked there. As an Insider, you also get access to exclusive podcasts, newsletters, and advanced real estate calculators https://investfourmore.com/insider/ ———— The Complete Blueprint – Rental Properties, Flipping, Ect. – Direct Access to Mark https://investfourmore.com/blueprint/ My books: https://amzn.to/2VGI6a9 ———— Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate. Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9 Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs. ———— Instagram:   / investfourmore   LinkedIn:   / markfergusonnrba   Twitter:   / investfourmore   Facebook:   / investfourmore   Website: https://investfourmore.com/ House Flip Before and After Playlist:    • Complete House Flip Before and After Videos   Lenders and Funding Resources: https://investfourmore.com/resources/...