Some have more than $1 million in equity while others have less.4.

It has approximately $200,000 in equity and currently cash flows about $1500/mo ( we split this cash flow and equity 50/50 with my mother that is my business partner).We have 3 kids and the oldest is about to go to UTK for college.

I feel that you should have about 30k-80k in equity ($250k-300k property value) based upon the little bit of information you have told us and my experience in palm bay, FL / Brevard County, FL.

And you would now owe about 330k by then so you would have gained 370k in equity in 10 years.  

Cooper, absolutely will not allow him to recast his mortgage even though he has over $100k in equity in a property where his note is less than $250k.

Here’s what to consider:Equity Pull: Lenders will generally allow you to cash out a percentage of your property’s appraised value, typically 70%-75% loan-to-value (LTV).If you have $60k in equity, ensure the appraisal supports your valuation.Commercial Loan Terms:Rates may be higher than your FHA loan.Terms are usually shorter (e.g., 5, 7, or 10 years with a balloon payment or amortization up to 25 years).Debt-to-Income Ratio (DTI): Moving the loan into your LLC and using commercial financing will free up your DTI, as the debt will no longer report under your personal name.3.

But i'm sure that perspective will increase or decrease as I mature. big difference though in 30 mil in equity in RE and 30 mil in cash after you sold your business or your stock and bond portfolio is worth 30mil.. crypto goes up and down to much LOL.. but I am sure there are plenty of very wealthy crypto dudes and duddets.

I believe that doing cabins now I can basically do the same thing that took me 15 years to do in houses in terms of growing a portfolio worth 10 to 12 million to where I'll owe 7 to 8 million (3 to 4 million in equity/net worth) that will net about 150k to 200k a year.   

Using your example:ARV = $250K75% of ARV = $187.5KSo, theoretically, you could refinance up to $187.5K, which would cover your $150K (purchase + reno costs) and leave $37.5K in equity.

Perhaps the SFR market is overvalued now and 1% rule is just a simple valuation tool like a P/E multiple in equities telling people to stay clear.