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Updated almost 8 years ago on . Most recent reply

Joseph Tarallo's profile image
Joseph Tarallo's profile image
Joseph Tarallo
  • from South Amboy, New Jersey
  • Member since Jan 20, 2014
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Joseph Tarallo's profile image
Joseph Tarallo's profile image
Joseph Tarallo
  • from South Amboy, New Jersey
  • Member since Jan 20, 2014
Connect
Joseph Tarallo
  • South Amboy, NJ
2
Votes |
114
Posts
Real Estate Deal Analysis & Advice

Are you able to take equity out of a rental property ??

Joseph Tarallo
  • South Amboy, NJ
Posted

How do I take the equity out of a rental property for a down payment on another one ? Or can you only take it out of your main residence ?

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Mike Parks's profile image
Mike Parks's profile image
Mike Parks
  • Flipper/Rehabber
  • from PA
  • Member since Dec 22, 2010
  • Posts 60
  • Votes 8
  • Experience 13 Yrs
  • Investments 2
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User Stats

60
Posts
8
Votes
Mike Parks's profile image
Mike Parks's profile image
Mike Parks
  • Flipper/Rehabber
  • from PA
  • Member since Dec 22, 2010
  • Posts 60
  • Votes 8
  • Experience 13 Yrs
  • Investments 2
Connect
Mike Parks
  • Flipper/Rehabber
  • PA
8
Votes |
60
Posts
Mike Parks
  • Flipper/Rehabber
  • PA
Replied

Most banks will loan 75% ltv. There is no limit on the commercial side (at least with my credit union) I have 4 loans out right now and all at about 5% apr and 20 year loans.

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