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Updated over 7 years ago on . Most recent reply

Ye Min ko's profile image
Ye Min ko's profile image
Ye Min ko
  • Investor
  • from Lacey, Washington
  • Member since Apr 2, 2017
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6
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1
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Ye Min ko's profile image
Ye Min ko's profile image
Ye Min ko
  • Investor
  • from Lacey, Washington
  • Member since Apr 2, 2017
Connect
Ye Min ko
  • Investor
  • Lacey, WA
1
Votes |
6
Posts
Buying & Selling Real Estate

Equity loan to purchase another rental property

Ye Min ko
  • Investor
  • Lacey, WA
Posted
Hello, I am new to real estate investment. And currently I have one rental property that is being rent out since Jan2017. I getting positive cash flow from and that specific property worth around $170,000.00 according to Zillow estimate. I purchase it for $125,000.00 and now I still own $116,000.00. Can I take out the equity loans for about $30,000.00 IOT purchase another rental property? Thanks in advance...
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