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Updated about 4 years ago,

User Stats

24
Posts
4
Votes
George Otiono
  • Financial Advisor
  • Oakland, CA
4
Votes |
24
Posts

Do you need to have 3 month paystubs to pull out equity?

George Otiono
  • Financial Advisor
  • Oakland, CA
Posted

In 2015,

I was blessed and purchased a house. I recently discovered BiggerPockets and realized the equity in that house, which is now a rental property, is worth about $129K.

I do realize that I won’t be able to take out 100% of that equity. Because of the pandemic, I was out of a job, but the rental was still be paid.

I want to pull out equity to make another purchase but just started a job last month. My question is: Do I have to have three months worth of paystubs to pull out equity?

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