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Updated 7 months ago,

User Stats

24
Posts
8
Votes
Jason Mergl
Pro Member
  • Rental Property Investor
  • Saratoga Springs, NY
8
Votes |
24
Posts

What to do with my Equity?

Jason Mergl
Pro Member
  • Rental Property Investor
  • Saratoga Springs, NY
Posted

I'm seeking advice on how to best utilize my equity across multiple properties. Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:

Home 1 - Condo, (2 BR, 2 Bth)  Fayetteville,NC-  Purchase price $50,000 - Current Estimate $75,000, loan amount 0 = Equity $75,000
Cash flow - Rent - $825, PM Fees $75, HOA Fee $100, HOA Assessment $163, Taxes $50, Ins $25, Loan Pmt $0 = Cash Flow $412

Home 2 - Condo (3 Br, 2 Bth) Fayetteville,NC- Purchase price $89,000 - Current Estimate $155,000, loan amount 0 = Equity $155,000
Cash flow - Rent - $1250, PM Fees $112.5, HOA Fee $231, Taxes $90, Ins $30, Loan Pmt $0 = Cash Flow $786

Home 3 - SFH (3 br, 2 Bth) Little Rock, Ar - Purchase price $189,000 - Current Estimate $300,000, loan amount $85,000 = Equity $215,000
Cash flow - Rent - $1500, PM Fees $150, Taxes $269, Ins $156, Loan Pmt $766 = Cash Flow $159

Home 4 - SFH (3br, 2 Bth) Abilene,TX - Purchase price $225,000 - Current Estimate $315,000, loan amount $51,600 = Equity $265,000
Cash flow - Rent - $1850, PM Fees $185, Taxes $583, Ins $145, Loan Pmt $1400 (0 Interest) = Cash Flow -$463

Total Equity = $710,000

Total Cash Flow = $894

Sell, Sell with 1031 exchange, Cashout Refinance, HELOC'S...Too many options, i don't know what to do. I know I need to do something with all of this untapped equity.

What do you think are the best options for me to utilize this equity effectively, and why do you recommend those particular choices?

Thanks

  • Jason Mergl
  • Loading replies...