All Forum Posts by: Chan Park

@Aaron Gordy Thanks, I'll continue to look for other lenders that meets my needs. 

@Stephen Spradley Was that a response from one lender or a general response from multiple lenders? 

Hello BP community. My wife and I bought two SFHs in Austin before the boom. They are built in 2021 and I don’t know the exact value of these properties since the appraisals but based on comps they have quite a bit of equity. 
My question is how soon can I use these equity to purchase another rental property? We are saving a lot each month for a down payment but I’d like to know if I have more options to purchase instead of exhausting my cash reserves. 

I've been studying the Dalls/FW area, and came across Garland. Looking for a multifamily duplex to triplex. So far looks good on paper but I was wondering if there are any local residents/realtors who could share their thoughts about this area.