How Much Cash Are You Expected to Pull Out of This When You Refinance?

It's nearing completion so it should be filled in the next couple months with a tenant. So when you're pulling the, how much cash are you expected to pull out of this when you refinance it? Well, I have not had always the best luck with appraisals, but I am certainly hoping for around 300,000 out of the property.

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Is your W2 job causing you to burn out? You have dreams of achieving financial independence and retiring early, but the unrelenting demands of your nine-to-five job are causing you to work around the clock and miss precious moments with loved ones. If you’re feeling this way, you’re not alone!

Welcome back to another episode of the BiggerPockets Money podcast! Today’s guest, Amanda, has spent the last four years grinding toward an early retirement. Although the security of her husband’s reliable W2 income has allowed them to cover all of their expenses, invest in real estate, and grow their nest egg, they are quickly reaching a breaking point. As parents of four young children, they don’t want their busy work lives to keep them from what matters most. Is there a middle ground?

If your FIRE journey is causing you to burn the candle at both ends, this is an episode you won’t want to miss! Mindy and our guest co-host, Kyle Mast, share their perspectives on quitting your W2 job, finding work-life balance through real estate, and when it might be time to pump the brakes on your journey toward early retirement!

In This Episode We Cover

How to create work-life balance on your journey toward FIRE

Leaving the security of a W2 job for the flexibility of real estate

The challenges you might face when investing out of state

The pros and cons of short-term, mid-term, and long-term rentals (and how to choose!)

Using your market’s short-term rental comps to raise or lower your Airbnb rates

When to sell an investment property rather than holding on to it

And So Much More!

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