The choice to take the equity you have built up and put it somewhere else is totally up to you depending on your goals and investment plans.

i forgot about another site that one of my coacing clients uses, try [REMOVED] i have seen them close deal for others.

Here are my projected cash flows rounded:Period 1 – 4,600 Period 2 – 1,600 Period 3 – 6,600 Total – 12,800NPV Based on 25% Discount Rate – 8,100 So, does this mean that if I wholesale it and receive 8,130 dollars, it will be a wash for me?

The master plan, which I'd love to get your opinion on, is to purchase the property, and immediately renovate the unfinished basement on both sides by adding a bedroom (to code w/ egress of course) and bathroom down there, as well as a finished family room, virtually doubling the square footage...it would actually be around 3100 finished square feet (1550 per side) total when complete.

Keep in mind, if you may be using reserves held in an IRA, some lender guidelines only count 60% of the total IRA balance towards reserves.

I am a DIY'er thru and thru, but totally respect and see a need for professional contractor services as well in many instances.

This flip should cost approximately $50,000 in total, assuming we hold for 6 months, I will owe about $1,100 for the access to the cash ($50,000 x 4.75% x 6mos/12mos).

This number of existing home sales represents just 0.3% of the total number of homes available.

I'm totally a one trick pony @Ellis San Jose !!

First if you depreciate to zero and you sell it subject to an outstanding mortgage you still must recapture the value of the total price including the mortgage amount.