All Forum Posts by: Jason Mergl

Melissa Haworth the Abilene property is an anomaly.  I'm not sure how to gauge my cash flow since the loan I have on the property is "ZERO" interest.  So all my loan payments go directly to the principal adding to my equity each month. 

I'm seeking advice on how to best utilize my equity across multiple properties. Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:

Home 1 - Condo, (2 BR, 2 Bth)  Fayetteville,NC-  Purchase price $50,000 - Current Estimate $75,000, loan amount 0 = Equity $75,000
Cash flow - Rent - $825, PM Fees $75, HOA Fee $100, HOA Assessment $163, Taxes $50, Ins $25, Loan Pmt $0 = Cash Flow $412

Home 2 - Condo (3 Br, 2 Bth) Fayetteville,NC- Purchase price $89,000 - Current Estimate $155,000, loan amount 0 = Equity $155,000
Cash flow - Rent - $1250, PM Fees $112.5, HOA Fee $231, Taxes $90, Ins $30, Loan Pmt $0 = Cash Flow $786

Home 3 - SFH (3 br, 2 Bth) Little Rock, Ar - Purchase price $189,000 - Current Estimate $300,000, loan amount $85,000 = Equity $215,000
Cash flow - Rent - $1500, PM Fees $150, Taxes $269, Ins $156, Loan Pmt $766 = Cash Flow $159

Home 4 - SFH (3br, 2 Bth) Abilene,TX - Purchase price $225,000 - Current Estimate $315,000, loan amount $51,600 = Equity $265,000
Cash flow - Rent - $1850, PM Fees $185, Taxes $583, Ins $145, Loan Pmt $1400 (0 Interest) = Cash Flow -$463

Total Equity = $710,000

Total Cash Flow = $894

Sell, Sell with 1031 exchange, Cashout Refinance, HELOC'S...Too many options, i don't know what to do. I know I need to do something with all of this untapped equity.

What do you think are the best options for me to utilize this equity effectively, and why do you recommend those particular choices?

Thanks

If you find one, please let me know!

Would you mind sharing who is the “best local property manager” in Albany?

I have been using DealCheck to analyze my deals and I really like it.  If you message me I will send you a link with 25% off.  It is an affiliate link but I really do use it and think it is a good deal.  You can google it and try it out for free.

Just found this post.  Exactly what I was looking for! Thanks for sharing it.

I pay 10% of the rent when it’s rented. 

Thanks Dylan and Michael. I will be away for about 2 months but will definitely go to the Albany meeting when I get back. 

@Courtney Jones I guess cash is king!

@Kadeem Howell Could you please send me your recommendations also?