I thought in order to refi on an FHA to a traditional mortgage you need to have 20% in equity after refi but it appears once you hit 20% you can refi and pull all your equity out!

We are looking to purchase a potential investment property that has 4 rentals, we have $75,000 in assets and currently own a home with roughly $50,000 in equity, that is our primary residence. 

Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

The option of paying all cash doesn't really give you higher CF.They both started with the same $100k...and they both had the same $100k in equity (both paid for it the same) at the start. 

I have 50k in equity built up and am looking to buy my first rental property, most likely a single family house.

.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.  

We purchased it with a conventional loan with 20% down and we estimate that we already have about $200K in equity.

$60,000 in equity on the day of settlement Lessons learned?

My name is Jake Berlin and I am currently 21 years old looking to buy my first rental property (I have 50k in equity.)

Some have more than $1 million in equity while others have less.4.