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Updated almost 6 years ago on . Most recent reply
How to tap equity with poor income
I have approximately 250-300k equity in 3 properties and need to get 25k out for a down payment on a house that sits ajacent to us and just came up for sale. We’ve been fantasizing about buying this house for years now. We have good credit but poor income (lots of write-offs) We’re looking at cash-out refng our primary res but it’s looking like our income may not even allow that. Surely there’s something I’m not thinking of. Any bright ideas?
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Heloc
Private loan
Hard money loan
Sell a car
Salary advance
Cash out vacation/sick leave
Second job
Refi properties to payoff one and lower debt ratio
401k loan
Sell something