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Updated over 3 years ago on . Most recent reply
Trying to scale up from single family to multifamily
My name is Andre Houston I purchased 2 rental properties I never lived in them. I was finally able to purchase a house for my family so I have 3 total. I'm trying to figure out how to scale up to multifamily homes. I have about over 100,000 in equity in each home. My question is how do I use some of my equity to help purchase a multifamily? My debt to income is kind of high because its about 1 million in loans for all 3 homes. Should I use a private lender or a hardmoney lender kind of stuck thank u in advance for your help.
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#2 New Member Introductions Contributor
- Real Estate Broker
- Houston | Dallas | Austin, TX
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#2 New Member Introductions Contributor
- Real Estate Broker
- Houston | Dallas | Austin, TX
Cash-out Re-Fi on your existing rentals and leverage the bank money.
Make sure to know the market you are investing in and know your numbers.
Goodluck man!
- Wale Lawal
- [email protected]
- (832) 776-9582
- Podcast Guest on Show #469