I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)

I have a little hard time estimating a fair market value given these conditions as I don't know how much to discount the value of the house with these issues presented.

I’d really value your insights and whether one has worked particularly well for your business.Thank you in advance!

I flip and BRRRR so I’m looking for value add opportunities. 

Conv finance using APM How did you add value to the deal?

We paid them 9% interest (they put a private mortgage on the property) and give them 19% membership interest in the holding company LLC How did you add value to the deal?

You’ll have a better feel for property values, rental demand, and rehab costs in areas you know well, making it easier to manage and scale your investments. 

As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions. 

Also the value (in this case) is determined by the NOI, so assuming it will be worth 2x, is assuming your NOI is thru the roof (which is can be, but it's not likely in the first 5 years).

When I moved from Las Cruces to Phoenix in 2014, the property was valued at about 18k less than what i paid for it 6 years prior.