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16 January 2019 | 8 replies
One Duplex has both sides rented with about $120k in equity from mostly appreciationWe are house hacking the other duplexed financed with FHA loan (deadbeat tenants removed from side B and rehab under way).
9 January 2019 | 7 replies
All of these deals were done between Denver, CO and Orlando, FL.We = Me, My partner who is also 22, and the team we built.My 2018 in ReviewPurchased ~$8.6M worth of real estate across 35 properties for ~$5.7MWe sold and closed on 20 of these properties in 2018 for a gross profit of ~$1.15M after realtor commissionsand we still own 15 of those properties with about $1.2M in equity, all of which are scheduled to be sold and closed in early Q1 2019.Total Equity Created in 2018 was $2.35MTotal Equity Realized/Cashed Out was $1.15MTotal Equity in Assets We Still Own is $1.2MWe acquired the majority of these deals off market through our own marketing, and bought three of them off of the MLSTakeawaysYou can buy your first property before you're 25 :)Leverage is a powerful tool if you use it correctly (we stay under ~70% LTV across the portfolio at all times)The reason this worked is because of years of experience in off market acquisitions and an up market.
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17 August 2018 | 5 replies
The home I'm analyzing now is 1235 Plantation Dr, Dickinson, Tx 77539 (Last time I tried to link to something it didn't work so I apologize if this one doesn't either) What I'll be looking for when I'm actually in the market is something cheaper (hopefully with built in equity) with a mother in law suite that I can live in while I rent out the main household.
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4 January 2022 | 75 replies
But by the time you've paid off ten of them, you've got more than enough in equity to start working on transitioning to less problematic real estate asset classes, much more passive investing instead of buying yourself a job...a well-paying job, it's true, but still a job.
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30 August 2018 | 2 replies
FYI, I have the cash to purchase it outright but I would much rather secure it with a mortgage and get a better interest rate than doing a cash out refi in 6 months and having to pay a higher rate.The house has a little built in equity, purchase price 130k market value 145-155k.I will be contacting an attorney but I feel like this is a good place to get real world knowledge. thanks in advance for all replies!
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27 August 2018 | 4 replies
We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab funding.
13 September 2018 | 7 replies
Has been rented out for 4 yrs,Has over 79k in equity but these banks have so many rules and stipulations it's tiring.Who do you guys use?
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28 August 2018 | 2 replies
Should I sale my current house which may have about $20k in equity or do a HELOC or hard money for my first deal.
29 August 2018 | 18 replies
. $833/month for every 100K in equity.
29 August 2018 | 10 replies
I really want the $300k in equity working for me but don't have understanding of how to do this in the best way.