All Forum Posts by: Ilya G.

Guys, Thank you so much for the advice! I am new to multi-family so just been reading, researching and 'talking' with ChatGPT :-). 
Once we done preliminary underwriting on the multi-family in question, if everything looks good, we will need about $1.5m for down payment and closing costs.

1. Hello,
2. I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC. It seems like a good strategy but would appreciate any advice and if anyone worked with banks/lenders that provide a service like that.
3. Thank you in advance!