Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

7
Posts
1
Votes
Jack Cross
1
Votes |
7
Posts

Using equity to fund down payment

Jack Cross
Posted

Hi BP!

Basically noobs here. My wife and I own two properties. One rental property (in Europe) and our condo (New York). We recently took 33% equity out of the rental to purchase our condo. Our rental is paying off the remortgage and still cash flowing. We own the condo outright now. What is a safe strategy for leveraging the equity in our condo to begin building a RE portfolio here in the US? Helco? Mortgage on the condo? I have excellent credit. I know I need to sit down with some lenders but I’d like to get some feedback as to what to ask for going in.

Thanks!

Loading replies...