Updated almost 3 years ago on . Most recent reply
CashOut Refi to purchase another property
Hello newbie investor trying to reach financial freedom. Bought my house with the FHA program. Fixed it up from 148k to 220k value. My plan is to do a cash out refi, possibly take 65k to invest in properties out of state and slowly build cash flow. How can I maximize money and reach my goals? Any help is help. Please and thank you.
Most Popular Reply
You maximize the money by leveraging it. Don't use the entire 65k to put towards a down payment, put down payments on as many as you can. You can buy 3 flips with that money in Killeen