All Forum Posts by: Scott Henrikson

Hey Brandon. I’m a real estate agent and active investor in Rapid City. My portfolio consists of small multifamily and single family homes. Message me and maybe I can help. Thanks 

Thinking and structuring the deal with a cash out builds substantial equity wealth as well as limits your tax liability that you would see on a flip. Take advantage of it while the banks and market allows it! Good Luck!

At a 90k buy and a 50k reno you'll have 140k into it. If the actual value after repairs is $200k then you could refinance at 80% LTV, have it all covered by the banks money, cash out $20k before fees for you, and still hold your cash flow. If your estimates are correct you can scale without a ton of additional money.