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Updated over 1 year ago on . Most recent reply

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3
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1
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Ankith Yeru
1
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3
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Equity of 100k on the current property

Ankith Yeru
Posted

I have a property which has the equity of 100k, i wanted to get a second property  using this equity. Where do i start the process? Any leads are really appreciated, Thanks! 

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91
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53
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Edward Dean
  • Real Estate Agent
  • San Diego
53
Votes |
91
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Edward Dean
  • Real Estate Agent
  • San Diego
Replied

Start talking to lenders. Figure out 1) is a HELOC or cash out refi better, and 2) with this $100k or whatever it ends up being after fees/costs for the refi/HELOC, what can I afford for my next property. From there you can create a budget and acquisition plan.

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