All Forum Posts by: Brittany Ware

My goal is to leverage the equity we have to get the greatest return possible. Open to any advice and ideas beyond these as well.

Looking for opinions/advice from all you professionals. We have a house with about 230 equity in it (owe 350). We will probably need to move soon. Would you:

A) Keep the house as a rental, I estimate 600 monthly cash flow

B) Sell and use the money for three smaller rentals?

We would most likely buy rentals in the same area. One house would be easier to manage and find tenants for, but less expensive properties would be quicker to pay off. Are there tax benefits to either situation? Thanks!

I just ran into this same issue with Chase. I have about 200k equity and great credit, but they wouldn't let me take out a HELOC for 50k due to a second mortgage on a rental property. Sorry, I know that isn't much help other than to say, don't waste your time at Chase!

I currently have one rental property that has about 70k equity (worth 170, owe 97). I would like to start building my portfolio by adding some small multi-family units and will need to pull the cash from here to do so. I would love to hear thoughts on the best way to do this.  Home equity loan? Refinance? We currently have a 3.25 interestest rate and cash flow about 400 a month from this property. Thank you in advance!