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Updated over 4 years ago on . Most recent reply

Ken Morton's profile image
Ken Morton's profile image
Ken Morton
  • Rental Property Investor
  • from austin, texas
  • Member since May 2, 2020
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User Stats

18
Posts
1
Votes
Ken Morton's profile image
Ken Morton's profile image
Ken Morton
  • Rental Property Investor
  • from austin, texas
  • Member since May 2, 2020
Connect
Ken Morton
  • Rental Property Investor
  • austin, TX
1
Votes |
18
Posts
Private Lending & Conventional Mortgage Advice

Financing for 27k? Lots in Austin Texas.

Ken Morton
  • Rental Property Investor
  • austin, TX
Posted

Hello BP! I am currently putting my primary residence for sale or rent in Sunnyside Queens NYC I have about 175k in equity. There are two lots in Texas I want to buy near my mom's place 35k for both. I want to eventually build in them in next 5 years. I have cash for down payment. I'm trying to figure out financing for rest. Should I try and find a lender in Austin Texas that would finance 27k loan for two lots? Or pull from 401k? Or HELOC even though its on the market. Any input would be greatly appreciated. Thank you.

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