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Updated about 6 years ago on . Most recent reply
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What is my next move?
I moved to NC back in February. I've since bought 3 rental houses, average price was $75k, average rent is $900+. I just came across a house that is way underpriced, sold for $180k 4 years ago, now selling for $90k. All issues are cosmetic. I REALLY want to buy, but am down to my last $10k cash and don't want to take reserves any lower. All my rentals have 25% equity. What strategy could I use to get this new one with minimal cash outlay? I could pull $30k from a 401(k) loan, also have about $10k in Roth contributions I could pull out. Ideally the value of the home would warrant no money down. Any ideas? Thanks in advance!