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Updated over 5 years ago,

User Stats

28
Posts
22
Votes
Julie Dillon
22
Votes |
28
Posts

Can't get to my equity until later but want to buy now

Julie Dillon
Posted

I have a rental property that I can't sell till till next spring and it has about $70,000 in equity. I found some properties in another state that I want to buy now. I'd like to bundle them into one loan around the $250k to 300k range so I'm sure I'll need to put 20% down. I dont have cash on hand. My only other option (if it's even possible) is to borrow from my 403B retirement account. Anybody have any ideas or options? Can I borrow my own equity within a year of selling?

I'm a newbie at this. Any advise is appreciated.

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