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Updated about 9 years ago,

Sy Mularz's profile image
Sy Mularz's profile image
Sy Mularz
  • from Auburn, Alabama
  • Member since Jan 9, 2016
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19
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7
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Sy Mularz's profile image
Sy Mularz's profile image
Sy Mularz
  • from Auburn, Alabama
  • Member since Jan 9, 2016
Connect
Sy Mularz
  • Auburn, AL
7
Votes |
19
Posts
Buying & Selling Real Estate

How to turn equity into a new rental property?

Sy Mularz
  • Auburn, AL
Posted

Hello! New to the group and very excited. Thanks for your advice in advance.

I have one rental property in Alabama. I currently owe just under $33 and have $23 in equity in this property. Is there any way that I can use that to purchase another rental property? I tried to refinance the house, but the bank said that they wouldn't allow that on a investment property. Any suggestions? Thanks!

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