Hi Keaton, Would you be purchasing a new primary residence or investment property?  

The property is one of 3 that was a part of a bigger property owned by the neighboring family that got split, we purchased this one from the neighbors' brother.

My go-to HM lender has approved to finance a purchase that needs some minimal work, like a month or less worth of work. 

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

I am trying to purchase my first property at the end of the year and get started in my RE career.

Here are some of the details:Wouldn't Purchased: June 2023Size: 4,300 SFlocation: Greenville, SCTenant: NNN lease, 3 year lease with renewal options that commenced in April 2024.Tenant pays $6,200 total. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.

However, laws vary, so it's crucial to understand your state's specific regulations. 

What topics specifically do you contribute on concerning Real Estate? 

I asked how he was going to purchase a property.  

My fiancé and I just purchased our first property, a duplex, and we will be living in one unit while renting out the other.