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25 February 2025 | 10 replies
I see in your profile that you may reside in NC, which is not a community property state.
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24 February 2025 | 72 replies
Sell and cash in on the equity?
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13 February 2025 | 5 replies
I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?
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4 February 2025 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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29 January 2025 | 14 replies
If you put down 25%, that's equity, but it's also trapped - you can't use it for anything else.
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1 February 2025 | 16 replies
@Aristotle KumpisPossible yes likely no unless you have a ton of equity in other deals that can be cross collateralized
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18 February 2025 | 9 replies
The last few STR deals I closed where my client used a second home loan, they ended up putting down 20-25%, preferring to have more equity in the property versus giving away thousands in fees to the lender.
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4 February 2025 | 7 replies
I am sorry you got burned by a bad resident.
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18 February 2025 | 9 replies
So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.
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4 February 2025 | 2 replies
You could tap the $400k of equity in your primary, but that's a slippery slope with the little financial discipline you appear to have and could quickly lead to bankruptcy.