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Equity and down payment
If you have a deal that uses provider money to renovate purchase price of house is $100,000 Renovation is $75,000 Estimated after repair value is $270,000. Are you typically responsible for a 20% downpayment or does the equity cover the down payment. I know when we built our house we had already paid for the land and then it appreciated by the time we built we had $90,000 in equity so we did not have to put a down payment when we rolled the construction loan into a mortgage. I know that is for my primary residence so I was not sure how lenders treat equity on investment deals.
Here is an example deal
I did this deal in Austin Texas in late 2025 and made a TON of mistakes, still profitable. Made a little case study presentation to share in case anyone is looking to BRRRR purchased for 190 arv 360 rehab 60 holding costs ~20 Details in the pdf
Very disappointed
Was delt another hard blow today...no viable multi plexes are available in my area. So we are looking at having to go with another single family and start trying again next year...we are just out of time on our current lease contract and I don't want to throw away our money on rent for another year...better luck next year maybe something will work out then. In the mean time we are looking at other side hustles and hope for the best
15 your army veteran
I currently reside in Kentucky. I am originally from Oklahoma. I have a duplex in Oklahoma and looking forward to get more information on purchasing additional units either in Kentucky or Oklahoma possibly Texas as well.
Been quiet for a while
I've been quiet for a bit. Been working on my PM company and a few evictions. Thank goodness I have the processes nailed down so my entire team knows exactly what to do when the payments stop, or the tenant violates the lease.
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