Ride the Wave?, or finance the DEAL?

[Brett Wells]

I would like some advise on where to go from here. My father in law is a long time real-estate investor that gave my wife and I an oppurtunity on a first rental deal. My father inlaw financed the deal as long as I put my time and sweat equity into the property while managing the deal budgets, contractors, during the rehab. Deals done we settled on finished for $100,000, ARV $198,000 :o nice right! Ok, now I am renting this for $1175 per month and pay my father inlaw a portion say $600 No interest! and I cash flow $400 after insurance, RIDE THE WAVE!!!!? or Question How do I get my equity out of this? Go to a bank get it financed? then do my next deal or do we just keep banking the $400 a month until we have enough cash for a down payment on another deal?

Thank you in advance Brett