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Updated almost 4 years ago on .

Austin T Gomez's profile image
Austin T Gomez's profile image
Austin T Gomez
  • Member since May 28, 2020
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Austin T Gomez's profile image
Austin T Gomez's profile image
Austin T Gomez
  • Member since May 28, 2020
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Austin T Gomez
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Starting Out

1st rental property financing

Austin T Gomez
Posted

I currently live in my home that is worth $245,000. I have about $100,000 in equity. I’m not sure how I can best use the equity to start buying rental properties. I have a 30 yr conventional loan at 4.25%. I’ve had the house for 6 years. Mortgage payment is $1200. The estimate of what I could rent my house for is about $1600. Any advise or direction would be appreciated. Thank you.

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