If u had 1 home w 100k equity to start- what would u do w it?

[Account Closed]

If u had 1 home w/100k equity to start…looking back on your experience, what would be your 1st move to transition from your 9-5 to real estate investing/flipping full time? Thanks a million!!!!!

[Stuart Udis]

Based on the figures you shared it seems you have a $92,000 loan on a property valued at $192,000. You can likely refinance this out to 75% meaning a loan of $144,000 less transactional costs (potential pre-payment penalty, title & loan refinance fees). This likely means access to around $45,000 through a refinance subject to the property appraising for $192,000.00. You have to ask yourself if that is going to help advance your real estate business. One thing to be cautious about is using too much leverage, particularly in lower priced assets especially on your initial investments.