Here’s what I need help with……..Purchase price: $85,000 (FHA loan)Rehab: $40,000 (my own cash)ARV: $200,000Since the house has now appraised at $200,000 x 80% = $160,000 and I owe $85,000 on the mortgage, $160,000 - $85,000 = $75,000 in equity for a HELOC (to purchase future properties)?

2) We have about 100k in equity in our personal home.

I would need to know more specifics about the property to completely weigh in, but with 70k in equity, I would cash out and rent, use that money for another property and then do the same.  

I'm fairly conservative so the idea of leveraging my primary made me nervous.But I have no debt minus my mortgage and I'm not drawing more than 10,000 at any one time so I looked at it like a payment I can afford and I have extra cushion in equity on my primary.  

I have about $65K in equity in my property that I'd like to pull out and use as down payment on a second property. 

I didn't think I had such big assets but that same lawyer said that if he was looking to sue someone for his client and saw that they lived in an area with high real estate value and have at least $100,000 in equity in their home that would be enough of an excuse for him to pursue the lawsuit and try to get a judgment against them.

If you're all in on real estate and another crash happens, you're net worth is screwed, as your funds are locked up in equity.

However, sounds like you are up over 100K in equity as of today so you can do a cash out loan and use the funds as a down payment on your next property (or remodel this house, etc).

So im thinking i have about 30k in equity in one of them.

Looks like they will allow other investors to take down the remaining $2.5 million in equity?