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Updated almost 3 years ago on . Most recent reply
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How much can I borrow?
How much could I borrow to buy another property or to renovate the existing properties…
Against a portfolio worth 3.5 million with about 1.5 million in equity generating 15k in gross revenue?
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Quote from @Brian Coffey:
Thank you, Andrew! Would you mind breaking down your numbers a bit more? .75*X=625k, in your response. What is the X?
@Brian Coffey, .75*3,500,000 = 2,625,000. You said that you have $1,500,000 in equity meaning that you have $2m in loans to pay off.
2,625,000 - 2,000,000 = 625k.