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Updated about 2 years ago on . Most recent reply

Michael Qubein's profile image
Michael Qubein's profile image
Michael Qubein
  • Rental Property Investor
  • from Charlotte, NC
  • Member since Nov 18, 2020
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Michael Qubein's profile image
Michael Qubein's profile image
Michael Qubein
  • Rental Property Investor
  • from Charlotte, NC
  • Member since Nov 18, 2020
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Michael Qubein
  • Rental Property Investor
  • Charlotte, NC
4
Votes |
11
Posts
Creative Real Estate Financing

Should I finance a home I paid cash for in 2022?

Michael Qubein
  • Rental Property Investor
  • Charlotte, NC
Posted

I am interested in a buying a second property but do not have the proper funds. Should I pull the money out of my first property?

1 Vote
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Tyler Solomon's profile image
Tyler Solomon's profile image
Tyler Solomon
  • Lender
  • from Austin, TX
  • Member since Jun 3, 2022
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Tyler Solomon's profile image
Tyler Solomon's profile image
Tyler Solomon
  • Lender
  • from Austin, TX
  • Member since Jun 3, 2022
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Tyler Solomon
  • Lender
  • Austin, TX
244
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223
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Tyler Solomon
  • Lender
  • Austin, TX
Replied

Pulling money out of a property is generally useful, as long as the new mortgage payment won't put you underwater

1 Vote
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