You owe $65k to your existing lending.If you refinance, depending on your FICO, you get up to 80% LTV of the new value, meaning a loan for $80k.

Hey @Enrique Mendez - I am new to the real estate game as well (still in the personal finance organization stage), but I have read Real Estate Rookie and it provided some great nuggets of wisdom to get started.

Once you take down deals successfully utilizing your friends and family network as investors you will have  a track record and can use that success to propel yourself into new capital relationships, some even by referral if you do good by your initial investors. 

@Gregg CohenHey Gregg,So my wife and I are brand new to investing and was looking at different ways to generate income.

This is apparent in Washington D.C.’s new high in office vacancy in Q2 of 2024 at 22.4% according to CBRE (Source).

The construction of 12,300 new housing units, including 5,300 by the end of 2024, highlights the growing demand, with a notable focus on multi-family units.

It should be noted that wholesaling has been regulated pretty strictly in Pennsylvania and wholesalers have to have a real estate license now among other things so there's likely less wholesaling going on in Philadelphia as in other places. https://consolematison.com/2024/06/12/new-legislation-on-res...

Then you can park your capital, earn a decent return, wait for something great to pop up, then 1031 into the new investment. 

New York State.

I now operate the Airbnb on behalf of the new owners!