I’m not too familiar with cash out refi and how much I’d get back and all the ins and outs of that just yet.thank you in advance

Just roll an acceptable price into the night amount and dont stick it out there to show cost and pay for it as Jeremy mentioned.

(This is an out of state property for us)Last year, we connected with a property manager through these forums at BP.

Renovations for the first one were in cash, renovations for the second one were from the cash out refinance from the first (first appraisal in 2019 was a 150k value on our 75k purchase.

Renovations for the first one were in cash, renovations for the second one were from the cash out refinance from the first (first appraisal in 2019 was a 150k value on our 75k purchase.

I was broke, just wrote a $1600 check to get out of my lease, and had to spend the money to move across the country.

How are you going to figure it out if your reports are inaccurate. 

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment.

However, there may be alternative tax strategies out there that are more applicable to your current situation or property.

I have loans out now and have $220k remaining.