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3 February 2022 | 8 replies
I have about $200k in equity in my primary residence and am wanting to do something with it if possible.
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9 February 2022 | 6 replies
Over a 16 year timeline, the property will have generated ~40k cash flow, ~49k in principal payment, and ~29k in equity appreciation (assuming 1% appreciation) which makes a total net worth increase of ~118k.
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1 March 2022 | 2 replies
6 years ago my wife and I used the VA loan to purchase my grandfathers home in Euless, TX. It’s a 2355 SqFt 4/2 ranch that we tore down to the studs, opened up and rebuilt. With homes now listing in the area for >=...
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3 February 2022 | 5 replies
I have enough money to buy a property in cash ($140,000), but the problem I foresee is that my capital will all be tied up in equity.
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3 February 2022 | 4 replies
If guy with million dollar house only gains $5000 in equity in first year but house value goes up $30k, that can help even the field with a smaller house that is being paid down faster, right?
2 February 2022 | 4 replies
I have approx 240-250K in equity in my home.
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2 February 2022 | 7 replies
After a year of turns and renovations, we were able to more than double rents and still keep them 20% below market.We took it to our long term lender and ordered appraisals which came in at just over $1.2M which meant I created $700k in equity (current value - current debt).The cash out refinance was $930,000 at 3.75% interest, fixed for 30 years.
2 February 2022 | 1 reply
It’s now rented and I have about 200k+ in equity in it currently based on appraisal.
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10 April 2022 | 7 replies
I have roughly $161k in equity and more in liquid assets.
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5 February 2022 | 2 replies
The BRRRR method is designed to purchase and rehab so you are building in equity into the home.