came in all-in at $76,900 on this deal. $45k purchase. $2,500 in closing costs. $29,400 rehab.
Appraisal just came back at $129k.
That's over $52,000 in equity after our model.
He's now doing a cash-out refi at 75% LTV — that puts $96,750 (Minus closing costs) in his pocket at closing.
After paying back his $76,900 all-in cost, Sean walks away with nearly $20,000 CASH and still owns the asset.
That's the whole game right there. You're not just building equity — you're getting paid to hold it.
Congrats Sean — well deserved. 🙌