Conservatively, if both properties appreciate 5% that's $35k in equity each year.Looking forward to what others are thinking. 

We have over $2 million in equity across 9 residential investment properties (13 Units).

My contractor was good but slow and there were bumps along the way, but now on the other side, I built a out $50k in equity into the property immediately.

In equity/more expensive markets, it's all about equity capture at the buy. 

We have had the same tenants since we leased it in 2022 and fortunately they have been great- minimal maintenance requests, very easy to communicate with, and pay on time.We have a 30 year fixed mortgage on the property at 2.875%, the property cash flows about $1,200/month, and there is roughly $200,000 in equity in the property.

Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

With around 90k in equity at a 70%LTV, we are looking at options for pulling out the equity. 

With a locked-in low mortgage rate of 3.2%, and about $100k in equity after expenses, I'm contemplating my next move.

Ramon,I am a client of Truth In Equity. 

Then, products such as HELOC or 1031 exchange are not open to me as a foreigner so even though i have on paper $500k in equity I don't have a real way of tapping into it.Any ideas or suggestions what I can do now to keep growing would be much appreciated!