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Updated almost 3 years ago on . Most recent reply

Julia Beresfoes's profile image
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Julia Beresfoes
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Julia Beresfoes's profile image
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Julia Beresfoes
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Julia Beresfoes
3
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16
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General Real Estate Investing

Home equity to fund another purchase

Julia Beresfoes
Posted

Hello!  Would you use equity in one of your homes as a cash out refi to obtain cash to purchase another investment?  I am hesitant but I have $300k in equity and I would like to put it to use to work for me. Thoughts? 

Saint Petersburg, Florida
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John Morgan's profile image
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John Morgan
  • Rental Property Investor
  • from Grand Prairie, TX
  • Member since Oct 10, 2018
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John Morgan's profile image
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John Morgan
  • Rental Property Investor
  • from Grand Prairie, TX
  • Member since Oct 10, 2018
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,687
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John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
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@Julia Beresfoes

I did a cash out on my primary to buy 3 rentals with 20% down. Best move I’ve ever done with real estate!

  • John Morgan
    • 3 Votes
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