the second property is worth around $68k bought that property on November of last year with a loan. those properties are occupied by tenants. do you guys know if I can cash out refi each property with that amount or can use both properties at the same time with a blanket mortgage?   

Appreciation, depreciation, amortization of the loan, and cash flow (and laundry machine or soda machine or parking money if applicable :) all blended to create my actual return on ownership of the asset. 

Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

We had personal savings and put down 5% with a conventional loan.

It also means planning for potential increases in debt service, depending on the type of loan that you have.

Not a lot of foreclosure activity because of all the equity gains, but that may change in the coming years with the loans on the mortgages written in the last 1-2 years being much higher (aka normal compared to pre-COVID).

Install some nice hardware on them and you have a kitchen that looks so much nicer than solid oak or pine cabinets.

All 3 of our names are currently on the title and the agreement was, once the loan is paid in full to his father, he would be removed from the title.Now my friend is going through a bankruptcy so we want to remove him completely from the land.

I did not read the entire post -- sorry if it's a duplicate.call around to all local cabinet specialty shops -- high volume shops sometimes have orders that fall through and are custom made for someone else's space that can be a great deal -- and retrofit into the space in which you need it.hope this helpsalso if you install the prefab unfinished cabinets yourself you can do an average sized kitchen for 1200 + 200 for paint/stain done in 3-4 days max

Buyer pays closing costs & loan doc fees: $3,800 approx.Total Entry Fee: $23,800 to close -- or 9% of the purchase price!