If a wholesaler is doing 5 deals per month with 5k EMD for each deal, that is 25k out of pocket and may limit the amount of deals that wholesaler can do.

If you have any questions or want to talk options feel free to reach out I always enjoy helping Bigger Pockets members save time and money.  

The Bigger Pockets Podcast is great for that. 

And congrats on owning three paid off rentals!

Welcome to Bigger Pockets!

@Hans KimWelcome to Bigger Pockets.

I'm looking for options for possible next moves for one or all three of our single-family rental properties in the Austin and San Antonio areas.

@Richard FoltysWelcome to Bigger Pockets!

Our current portfolio looks like this:LTR that is worth 150k with 65k of debt left on it at 3.65% on a 20 year loan - PITI = $785 per month - long term tenants paying $1650 per monthLTR that is valued at 110k with 45k of debt left on a 4%, 20 year loan - PITI = $583 per month - long term tenants paying $1550 per monthSTR that is valued at $275k with 155k of debt left on a 3.5%, 30 year loan - PITI = 1080 per month - brings in over 35k per year gross for the last three years.Would you do a cash out refinance on one of the properties to pull out some of the equity to pay off the $48k HELOC or would you sell one of the LTR properties to pay off the HELOC?

I went to a three day boot camp and the stuff that was presented did not have the nuts and bolts to go with it.