If you had $80,000 in equity in your first investment property-a two family duplex-what would you do with it?
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Depends on what you're looking to do within Real Estate. Is that equity enough to refinance your position and create more liquid cash for you to go purchase another rehab and buy and hold?
A 2 family investment property with conventional requires an LTV of 70% to cash out. So as mentioned, it depends on the value of the property, and if it is enough to use as a down payment on another property?
If I had 80 grand I dump it into a commercial property and hang onto it. But I guess that depends on your preference and how technical you’re willing to go.
@Sam Horton yes it is! but do I begin with some flips to create even more cash or do I get another buy and hold?
@Jerry Padilla it is! I can’t decide if I do a flip to create more cash or if I get another buy and hold!
@Alexandra Courtney I would say if you are comfortable with your capital situation then buy and hold. If you need to build up some more capital and or reserves for other hold properties then look for a flip.