Here is my situation: between me and my nephew, we have about $28,000 cash and about $42,000 in equity of a newly purchased investment property.

However, each month the tenant make the $1K p/mo rental payment $600 goes toward principle or $7,200 in equity a year (which increases every year as the interest portion decreases each and every year).

I could continue making a good (maybe great) monthly income...or I can flip it...and put my seed money AND my profits...into another asset...one thats "broken" and needs fixing.For me the question is...do I settle for easy renal income of $30k per month with a million dollars tied up in equity?...

I would be unpleasantly surprised if there wasn't $200k in equity there for a refi, or if I flip it, $160,000 after sale costs.

I have about $100k in equity between the two ($70k in primary, $30k in rental).

I have ~$100k in equity in the house, 2 older cars (mine and my wife's), 7 years of  401k, roth ira. 

I had a friend that just acquired a Frisco home at 52% of ARV - I'd say that's a pretty good buy in Frisco with over $225k in built-in equity.

The best part is you don't need a billion dollars in equity to work Niagara as an investor.If you are interested in investing in Niagara I would be happy to take you around and share what we are up to.

In Kansas City, the cash flow is usually pretty good regardless, but you want to have some built in equity up front.

America is the only place on earth where investment, wealth, individual achievement is valued above social justice, and America is still around...I've written on this blog about inequality and the problems it represents.