Free Initial Investment w/o Forced Appreciation in Y1

[Cody Landry]

Hi BP Family,

Curious about a situation I may not be understanding clearly.

If you purchase a Turn Key STR using a 2nd Home Loan (Vacation home 10%), how do you get your initial investment out? (10% DP + $10,000ish in non-forced appreciation related changes. [Hot tub, Paint, etc])

Since you aren't doing an overhaul, or any intentional forced appreciation efforts...

Do you basically just have to wait until you generate enough profits to replace it?

Wait 6-12 months and cash-out refi for whatever equity has been generated?

Or is there something else I am missing here?

Thank you all in advance!