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Updated over 7 years ago,

User Stats

3
Posts
1
Votes
Benjamin Miller
  • Bonaire, GA
1
Votes |
3
Posts

Mortgage cash out or conventional for first property

Benjamin Miller
  • Bonaire, GA
Posted

So trying to make a decision for financing my first deal.  I have a home worth $180K owe $45K on the home.  Wondering if I should do a mortgage cashout to get approx $87K  ($140 loan) out of the house for they payment on my first deal or try for a conventional financing on my first deal. Any suggestions would be great.  Looking to maybe pay cash for a forclosure deal at the courthouse.

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