The first floor tenant was very difficult to remove but we finally managed to get them out with a cash-for-keys agreement.

Purchase price: $680,000 Cash invested: $510,000 We funded this loan in 48 hours. 75% loan to cost.

Purchase price: $3,285,000 Cash invested: $2,463,750 https://www.zillow.com/homedetails/4458-Mammoth-Ave-Sherman-Oaks-CA-91423/19986445_zpid/

Purchase price: $2,900,000 Cash invested: $900,000 Sale price: $4,200,000 Refinance on 2.9mm value.

Purchase price: $1,500,000 Cash invested: $1,200,000 This was a bridge loan at 80% LTV and 9% for an experienced investor who will be refinancing out of our loan with a construction loan once permits are approved for construction.

If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

Or did a partial exchange and kept cash to give to one or more of the partners. 

@Jason ColemanI would just focus on increasing overall net worth/cash flow instead of paying down what is likely very cheap money-especially when you’re likely to borrow it again in the future.

Plan on renting by room to maximize cash flow.

Hi @Mary Chen, If we are utilizing a 1031 exchange on the sale of this property the expenses you incur for repairs wouldn't necessarily fully translate to cash in hand at closing without potential tax burdens.