Purchase price: $25,000 Cash invested: $11,000 Sale price: $62,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Joslyn Lukestich-Lewis, successfully completed a fix-and-flip on Curran St, Burlington, IA 52601.

What I’m hoping to do is to pull some of that equity out to buy more, but a cash out refi on any property puts it into the negative cash flow situation since my current rates are mostly 5.5% or lower.

You recognize it is cash flow negative. 

Hi, we have equity in a duplex rental and I’m trying to figure out how we can use some of that cash to rehab another property.  

Thank you in advance.Also as far as what I put in the letter, I usually say that me and my partner are looking for properties that need work, and can pay cash and offer quick closing.

I would highlight this for other investors about keeping reserves and if values start to soften this is a perfect example of what can go wrong when you are over leveraged and don’t have cash.

NEGATIVE cash flow. 

Purchase price: $195,000 Cash invested: $52,000 Sale price: $317,900 Contributors: Peter Vekselman Partner Driven, in collaboration with Jason Arguelles, successfully completed a fix-and-flip on St.

I've been buying houses cash in Ft Smith, I may be interested in buying yours.

If you did, they are dropping the ball.Is your cash, cash, or hard money?