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21 May 2024 | 34 replies
But I made 50k in equity, Day 1.
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17 May 2024 | 7 replies
We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.
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18 May 2024 | 11 replies
I do have about $400K in equity.
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20 May 2024 | 88 replies
You should have 100K or more in equity to protect before it makes sense to spend that money - compare that with how much you spend in annual insurance for the same property/equity.3.
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15 May 2024 | 5 replies
I have 500k in equity in my primary home and probably a million in equity on my investment properties.
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16 May 2024 | 7 replies
Some have more than $1 million in equity while others have less.4.
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16 May 2024 | 12 replies
Pretty much the same things that regular investors do but generally with 1) a greater focus on cash flow/cash on cash return than built-in equity or appreciation potential and 2) they tend to be more interested in security and it being low risk than active investors.
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15 May 2024 | 16 replies
Hi folks,Real quick, I have an investment property that currently sits on 2.99% on a 30-year fixed and I have about $155,000 in equity that I would love to start investing in; mainly BRRRR's.
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15 May 2024 | 20 replies
And the debt market is really tough right now so likely you'll be around 50% LTC, so you'll need around $5M in equity.
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16 May 2024 | 8 replies
So we leveraged the $200,000 in equity to buy the new primary and transitioned the primary into a cash-flowing rental.