How to Get Out of Debt Fast With Tenants 488388807043998927-blid-6828980727136585280
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When buying a property, in my market, I need to be in it at no more than 70% including purchase, rehab and closing costs. Fix it up, re-finance it at 75% to 85% loan to value, and pull out the cash, which by the way is Tax Free cash, as you don't pay tax on borrowed money. Then you can rent the property out at a positive cash flow and have Tax Free cash in your pocket.
from: http://ezinearticles.com/?How-to-Get-Out-of-Debt-Fast-With-Tenants&id=7838128

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