Also how you get a business loan is another issue/discussion.For the expenses:You have 2 values for business loan and I took the higher one @ $479Expenses @ 32% (this does NOT include insurance and taxes)Your monthly expenses without taxes and insurance = 1981+479 + 1600 (32% of 5k) = $4060Add in another few hundred for the taxes and insurance (lets say $500) and you are left with $440

My fiancée and I purchased our first home in 2017, and accidentally stumbled into about $125,000 of equity with it.

So I have 4 hot tubs and my cleaners take care of the hot tub so it is included in their price.  

@Ariel Gonzalez, I will also note that while there is a lot of very sound advice being presented here, including my own comments, none of this is actually measurable.  

Some info:Original property purchase price ~$90k100% cash purchaseLooking to put the proceeds of the sale into escrow account (1031) and use it for a down payment to purchase another property of greater value (say we get $110k from the sale, so we can look for up to $380-400k approx. @25% down payment)Does anyone have any contacts to help facilitate a 1031 in NY?

Hi fellow real estate investors, We have a home under contract that appraised above the purchase price.

I, personally, would consider any other option, including bankruptcy for your sister if she really has that much debt that she can't pay, rather than ask my nephew to give that much equity away and start over smaller with a much higher rate.         

However, I don't like this idea because it creates Loan A (the equity you borrow against your home) and Loan B (the purchase of the investment).

On the other hand, if a serious enough event occurs, everyone including the lender will be notified.

Firstly, it has a relatively low cost of living and affordable real estate prices, allowing investors to purchase properties at a lower initial cost compared to many other cities.