The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.

If it is recorded as built in 1920, that is what the insurance will be based on.The most valuable update with regards to insurance is the roof. 

Here is how I look at it:If you have $125K in a Roth 401K that will earn tax free earning at just under 10% per year, you will get a doubling every 4 years based on the rule of 72, making that $125K worth $2M in 30 years.

My property tax base on my primary is somewhat reasonable but the total property tax goes up because of all the special assessments, some of which make no sense to me (and I didn't vote for those).

Paid 12800.based on google mapsThe property is a mess.

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

Reason why is if you go to sell it, people are not going to comp it based on 40 year loan.

Even a single family builds can vary significantly based on site conditions and required structure/design.

That said, if everything goes perfectly with no issues, changes, or questions, my main gripe is that it takes a week to get my money in my account.