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Updated almost 8 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Elisa Duka
  • Saint Petersburg, FL
2
Votes |
9
Posts

How to invest in a property if equity doesn't cover it all

Elisa Duka
  • Saint Petersburg, FL
Posted

Hello!

I own a property in full (no mortgage or loan) and the equity that I can pull out from it would only cover about 60%-80% of another investment property that I'm looking to buy... my question is should I get a mortgage or loan for the remainder of the new property or would it be better to just mortgage out most of the new property and keep the equity for expenses. 

Any thoughts?

Thanks,

Elisa D.

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