Hi All - looking to get some advice on how much I should have in cash when seeking a property in North Jersey at 5% down.

The tenant pays me $175 on the side so I'm still cash flowing a few hundred overall.

It's been about 20 years since I have gotten a mortgage since I usually pay cash.

. :-)If the point is just to have cash you can do a cash out refi and get 75-8o%.

That is a $40K discount or $40K cash back to you as an Academy investor on a brand new $400K home from one many national builders across multiple different markets.

But in terms of cash flow I like this more than an EV charger or renovation.

We each hold a 50% interest in the LLC.The values of each house are approximately the same, and there are no loans or outstanding debts.He wants to cash out so we thought a good strategy might be for us to sell one of the houses, and let him take all of the proceeds, and for me to take full ownership of the other one.Essentially, I am looking to swap my half interest in one of the houses for his half interest and the other one.

I would also say that while refinancing could improve cash flow, it's speculative, so you would want to ensure you have a solid strategy in place to manage the negative cash flow.

Most buyers are giving cash in that area.This is why folks in real estate is having rich equity poor cash problem.

The problem is you aren't using empathy and you probably don't have cash to solve their problem anyway.