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Updated about 2 years ago on . Most recent reply

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31
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7
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Tracy Graham
  • Investor
7
Votes |
31
Posts

Pulling all of the equity ?

Tracy Graham
  • Investor
Posted

just making sure I"m on the right track... If I can pull all of the equity (85% LTV of the ARV) and cash flow around $100/mo I need to vs leaving money in the home??

Most Popular Reply

User Stats

338
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375
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Jack Mawer
  • Lender
375
Votes |
338
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Jack Mawer
  • Lender
Replied

It may be tough to get 85% on a short seasoned rehab. Also, I would only pull a necessary amount of cash out of the property that you need to acquire future properties among other things. The more equity you have in the home, the more you will cash flow on a month-to-month basis. 

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