Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?

Are you cash flowing the property?

What’s your primary goal for the cash-out refinance?

Cincinnati and Dayton are great markets for both cash flow and long-term appreciation.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?

Currently cash flows.

I currently live in it as my primary residence but had plans to eventually rent it out and then cash out refi once I reach 20% equity in the property.

If you don't intend to do that right away then do the 20% and save the extra cash flow.

Purchase price: $252,000 Cash invested: $63,600First buy and hold.