That would mean you would end up putting $7k in cash into the deal.What would your mortgage payments be per month on the REFI.There's an even bigger problem...actually more than one, regarding the REFI financing.Question:  Have you discussed these exact numbers with the source you will be using for your REFI loan yet?

Basit Siddiqi I actually got their info from a bigger pockets user.

Anyway wanted to introduce myself to Bigger Pockets and hopefully can connect to others locally! 

Welcome to Bigger Pockets mate. 

Efficiency - $50-$55One bed one bath - $55-601 Bed with Loft 2 Bath - $652 Bed 2 Bath - $75 We don’t have anything bigger than that so I could guess at numbers but I’ll stick to what I know.

I overhead someone talk about bigger pockets in the gym bout two years ago.

I would then consider an umbrella policy on top of that if your assets justify it and maybe even if they don't.

Ah that's cool @Ben Sosa that's an interesting strategy for sure.. buying it from the city and all... any bigger properties there Ben do you happen to know? 

Hello everyone my name is Arthur, I’m new to the bigger pockets site.

Other than by holding off on paying for capital gains allows you to keep more money for a bigger purchase?