# We finally closed on our properties for our first cash out refi!

> We finally closed on our properties for our first cash out refi! 1st property- failed with the numbers with estimated ARV and rehab costs. Estimated ARV 200k (initially thought it was 220k) and actual ARV $175,000. We

## Citation

Kanika C., facebook review, 2026-05-22, rating not listed. Archive URL: https://www.fasterfreedomreviews.com/reviews/facebook-kanika-cunningham-d38eec94. Source URL: https://uploads-ssl.webflow.com/6440013b094d8230d829b9e5/652d9eddb62c659ce5c1640f_Kanika%20Cunningham.jpg.

## Review Text

We finally closed on our properties for our first cash out refi! 1st property- failed with the numbers with estimated ARV and rehab costs. Estimated ARV 200k (initially thought it was 220k) and actual ARV $175,000. We went way over on rehab and had an expensive GC. 2nd property Purchase $77k (includes rehab funds for rehab) Expected ARV $100k Actual ARV $136k We combined the loan on both properties and thankfully the equity in the 2nd property made up for the lost on the 1st. We got a check for $17,000 today! We owe one more person but what we gained are 2 long term rental properties and the experience to acquire and BRRRRS the next 50! Mindset and growth are everything. I wanted to share because it wasn't perfect but we celebrate every win! For us, it's a win and a step closer to financial freedom! On to the next property.

## Transcript

6:58
 FasterFreedom...
 Kanika Cunningham is with Carl
 ••.
 Cunningham.
 1h • 2
 We finally closed on our properties for our first cash
 out refi!
 1st property- failed with the numbers with estimated
 ARV and rehab costs. Estimated ARV 200k (initially
 thought it was 220k) and actual ARV $175,000. We
 went way over on rehab and had an expensive GC.
 2nd property
 Purchase $77k (includes rehab funds for rehab)
 Expected ARV $100k
 Actual ARV $136k
 We combined the loan on both properties and
 thankfully the equity in the 2nd property made up for
 the lost on the 1st. We got a check for $17,000 today!
 We owe one more person but what we gained are 2
 long term rental properties and the experience to
 acquire and BRRRRS the next 50!
 Mindset and growth are everything. I wanted to share
 because it wasn't perfect but we celebrate every win!
 For us, it's a win and a step closer to financial
 freedom! On to the next property.
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## Source Metadata

- Reviewer display name: Kanika C.
- Public full name approved: no
- Source platform: facebook
- Source type: screenshot-transcript
- Review date: 2026-05-22
- Rating: not listed
- Topics: trust, real-estate-investing, beginner-friendly, mindset, student-results, success-stories, financial-results
- Result claim: yes
- Archive URL: https://www.fasterfreedomreviews.com/reviews/facebook-kanika-cunningham-d38eec94
- Source URL: https://uploads-ssl.webflow.com/6440013b094d8230d829b9e5/652d9eddb62c659ce5c1640f_Kanika%20Cunningham.jpg

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