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Updated almost 6 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Dillon Seal
  • New to Real Estate
  • Pensacola, FL
2
Votes |
11
Posts

How to reinvest efficiently from equity gain after first flip.

Dillon Seal
  • New to Real Estate
  • Pensacola, FL
Posted

Just renovated our first property (our first home).

Property currently has main house, mil suite, and duplex on one title. In the process of subdividing duplex and land into separate title. Plan is to refinance on main property and pick up duplex for free.

Original Loan amount 121.5k

Overall equity gain about 175k

70k on new duplex value

105k on house value

Will have mortgage on main house. Currently both properties under my LLC (hard money) going to get traditional mortgage in my personal name.

How can I use both equity from house and duplex most efficient to reinvest? Should I take out max mortgage and reinvest or take out heloc or combination?

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