I chose to find a junker property and spend that same $10K improving the property, thereby making a cool $35K in equity for later on down the road.

-  If you're inexperienced, how do you know if what you're paying in equity is comparable to what you'd be paying in labor if you just hired a contractor(s)?  

Here's my situation:The home that I live in has about $400K in equity.

Check the HOA, Talk to a neighbor or two, and low ball them because with the info you've given, it's not a great deal but it's similar to mine and I got lucky and made $43,000 in equity in 2 1/2 years.

I would like to refinance or sell and do a 1031 exchange ,but preferably a refinance to keep control of the property , to give numbers I have a 8 percent owner finance and I have between 30-40 thousand in equity I am looking to get some cash out If possible.

Hi, freddie denied the deal and the message in equator says "the property is in unavailable or sold status" and can no longer use Equator for messaging"??

After that, I bought a 1991 Honda Civic for $1k, and put the rest of those savings in a partnership on a duplex with the same $100K in equity upside and lots of cash flow for less than half in cash of what most of my colleagues have spent on a car.

I cold have even pulled some cash out of this property but I wanted to be a little more conservative making sure my rental rate supported the loan amount.Now I have a 2 unit rental with just over $100,000 in equity that cash flows a few hundred bucks and again I did not have to come up with any cash to do this deal.

I think it will be closer to 60%.But either way, 300K in equity is a good starting point (I am assuming you have set aside any money to pay taxes on the inheritance).If you can pick investment properties well you'll be fine.

In response to a comment by Jeff Brown, "I think if you’re able to find superbly high quality buildings, with golden tenants, in equal quality locations at cap rates of 12%, you’ll have no problem whatsoever of finding investors"My Response: I do find myself w/ another dilemma...