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Updated about 2 years ago on . Most recent reply

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Sean Galligan
  • Contractor
  • Massachusetts
5
Votes |
10
Posts

How should I use my equity to purchase another rental property

Sean Galligan
  • Contractor
  • Massachusetts
Posted

I am brand new to biggerpockets. I currently own three properties. 1-single family home(primary residence ), 1-3units, 1-6units (all are rented).  I have a lot of equity built up in each property, but I am also locked in at great rates.  I would like to avoid refinancing if there are other options.  Any advice will be appreciated.

Thanks

Sean
 

  • Sean Galligan
  • Most Popular Reply

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    Erik Estrada
    #4 Mortgage Brokers & Lenders Contributor
    • Lender
    1,258
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    Erik Estrada
    #4 Mortgage Brokers & Lenders Contributor
    • Lender
    Replied

    There is a program that allows for a second 30 yr fixed mortgage on non owner occupied residences. Max CLTV is 75 % and the max loan amount is capped at $450k

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    LuxePrivate Investments LLC
    5.0 stars
    40 Reviews

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