Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

54
Posts
19
Votes
Joseph Gambino
  • Rental Property Investor
  • Mobile, AL
19
Votes |
54
Posts

Sell my personal vehicle that has a lien on it or..

Joseph Gambino
  • Rental Property Investor
  • Mobile, AL
Posted
I have a vehicle with a bank loan and was wondering what you would do in my situation.. Should I sell it to lower my DTI and get out from underneath the monthly payment and monthly full coverage insurance payment so I could proceed with another deal in the next 6 months? Only problem with that though is I have no other extra vehicle so I would have to use my personal savings that I plan on putting towards my next deal to get a vehicle and that would wipe out all of my capital. My plan is to put 20% down on my next deal so the capital is important to me.

Loading replies...