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Updated about 5 years ago,

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Aram Taghavi
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Am I Overextending My Capital and Using Too Much Leverage?

Aram Taghavi
Posted

Hello Bigger Pockets community - I've just refinanced my first property and sitting on a bank roll of about $350k. I just closed on a Philadelphia deal for $220k and $60k rehab with $340k ARV and a DC deal that's $600k and $950k ARV with $220k rehab. I'm using hard money to fund both and my fear is not getting refinanced at the end of the loan when I get my tenants. This keeps me up at night. Given I'll be putting out about $250k of my money into these deals, and still owe the debt on my refi, am I over levered? I am thinking of bringing in some private equity for the larger deal to buffer my cash a bit. Should I do it or do it myself? The big property is SWEET. I'd love to hear thoughts and thanks for your time.

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