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All Forum Posts by: Mitch Provost

Mitch Provost has started 6 posts and replied 43 times.

Post: Best use of cash/credit for buy and hold vs flipping

Mitch ProvostPosted
  • The Woodlands, TX
  • Posts 44
  • Votes 31

Can you cash out the ($141 - $129 = ) $12,000 when refinancing? Also, is there an LTV limit (I've heard 75%) on refi?

Would love to hear more about what you are finding in The Woodlands and nearby area.

Post: Best use of cash/credit for buy and hold vs flipping

Mitch ProvostPosted
  • The Woodlands, TX
  • Posts 44
  • Votes 31

Would like to grow a healthy cash-flow portfolio in the next 5 years to supplement (or completely replace) retirement. I know this points to buy-hold, but growth seems more possible by leveraging existing credit/cash and acquire more equity, perhaps through flipping.

Post: Best use of cash/credit for buy and hold vs flipping

Mitch ProvostPosted
  • The Woodlands, TX
  • Posts 44
  • Votes 31

If you have discretionary cash, lines of credit and 401k borrowing for plenty of quick cash, what is the top strategy to put them all to work? Is there a better strategy for buy-and-hold vs. flipping?