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Updated over 2 years ago on . Most recent reply
Pulling out equity to buy multiple homes
So I own my house and want to pull out as much equity as possible to buy multiple homes. My question is will I be able to do this while working A salary job at Amazon and having poor credit right around 600? I should be able to pull out around $350,000 so will I be able to purchase a few homes with 20% down on each? How exactly does it work do I have to show proof that if I’m renting them it will cover the mortgage and all other fees? Or am I going to have to show that I make more money and improve my credit first?
Most Popular Reply
Step one, contact your bank and get pre qualified for your loans. You haven't even scratched the surface of research.
Step two, wait for a year or two until interest rates peak, buying right now would be a very poor decision