Great questions - a lot of our borrowers will tap the equity using a refinance in order to purchase their next investment property.Feel free to give me a shout anytime, happy to help!

Purchase price: $45,000 Cash invested: $80,000 Sale price: $149,000 Purchased for $45k.

Are you wanting to purchase in the same area of Chicago?

Purchase price: $420,000 Cash invested: $33,300 Puchased this home with intention of padsplitting it.

I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing.

Quote from @Dylan Webb: Hello, here's my situation:My wife and I own several properties separately.2 of the single family homes combined we have conservatively $150,000 in equity ($90,000, $60,000) I want to use one of these as collateral for a small loan of $30,000 to put down on a high cash flowing property OR have a lender finance the whole venture at a purchase price of $160,000.

Quote from @James Soto: Hello.My name is James, I live in Bixby, Ok and would like to get started with my first BRRRR in the Tulsa area with a cash purchase. 

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

@NA NASince this is your first purchase, focus on finding a property where the numbers work, rather than just any deal.

Amazon and Costco are so big with such purchasing power, you can often find the lowest prices on what you need.