Little money out of pocket and when you refinance into a long term debt loan, you may be able to get your original down payment funds out to recycle into the next project while leaving 25-30% equity in the property as well.

Pls help and thanks in advance :) What would you do if you were to make a choice between option A and option B and and WHYPurchase Price $ 141.750Improvements $ 6.000Closing Costs $ 2.250Total Cost $ 150.000Downpayment: 0% (cash acquisition)Cash outlay: € 1.000- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -After 24 months from completion, here are my two options:#OPTION A (FIX and FLIX)Selling the property for € 205.000#OPTION B (BRRRRR)Refinance for € 150.000 leaving € 1.000 cash outlay and renting the property.

When services are in landlords name vindictive tenants leave all their windows open all winter, heat the unit with their stove and leave taps running 24/7.

Most tenants will leave once an attorney is involved.In the future, you should seriously consider hiring a property manager.

You could also throw them a bone and offer them a window unit but you will likely be farther ahead if they leave or live with the unit the way it is.

Their names are not currently on the records at all.As of now, I have no intentions of giving them the rent I “owe”, or leaving within the 30 days, as I don’t currently have the funds to do so.

I could finally afford to leave manufacturing and go all in with real estate.

Prior to that I spent 1 year in Brooklyn NY, which was the first place I landed after deciding to leave my hometown of Chicago.

do you have to refinance if you choose to leave the property and no longer keep it as a primary residence?

You run the risk of losing them as tenants -- Consider, if they leave -- how easily and quickly can you replace them with market rate tenants?