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Updated almost 7 years ago on . Most recent reply

User Stats

56
Posts
17
Votes
Marc Roberson
  • Real Estate Agent
  • Wellington, CO
17
Votes |
56
Posts

What to do with 21k in equity to continue making money

Marc Roberson
  • Real Estate Agent
  • Wellington, CO
Posted

After i take out funds to pay off the credit cars used to rehab, a few thousand to finish some odd-jobs and put some cash back in my pocket that i used to pay off the house, there should be 21k left on this "flip." Basically I am trying to take this 21k & figure out the best way to put it to use to make more money with another home purchase & flip, tax sale & flip, or any other method. thoughts?

all help is appreciated.

Most Popular Reply

User Stats

123
Posts
76
Votes
BJ Everson
Property Manager
  • Property Manager
  • Columbus, OH
76
Votes |
123
Posts
BJ Everson
Property Manager
  • Property Manager
  • Columbus, OH
Replied
there's $21k left in equity? or have you removed your 8% closing costs from your equity number and the $21k is net take home? bc if you haven't removed your costs to sell then that $21k can be a lot lower. if it's net, sell. or consider refi/heloc to hold as rental while you use the equity
  • BJ Everson

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