Looking For Direction-Please
Rental One- 3/2 1500Sft- Rented for $1500.00 We have a mortgage - After repairs, Capex, vacancy, and PITI- cash flow = $575.00
Rental Two- 3/1.5 1300Sft- Rented for $1500.00 Owned free and clear- After repair, Capex, vacancy cash flow =$1074.00. With mortage we would still cash flow $426.00. We could pull out at least $97,500.00 with Refi.
Rental Three- 2/1 650Sft-Rented for $1000.00. Owned free and clear- After repair, Capex, vacancy cash flow $798.00 with mortage we would only cash flow $202.00. We would be about to pull out at least $60,000.00 with Refi.
We have reserves of $5000.00 on each property already tucked away in bank accounts we don,t touch.
I
guess Im asking if you could do it all over again and have these
numbers, how would you leverage this money and how would you put it
work?
Thank You in advance.