All Forum Posts by: Lisa Reyna

Looking to take a home equity loan out on a investment property to buy a primary -- looking for the best lenders/ credit unions/ or financial institutions which specialize in this

Plenty of answers in here already; but I would agree with all things said. And with that; as you look at Cap Hill, you can get a two bed condo still in the low and mid 300k range which can command a decent rent  -- which isn't going to be drastically overridden by the rents you receive for your (what I am assuming is 'nicer' condo) but valued at 150-175k higher. Also that being said, if people are willing to pay that much they will likely go into the newer luxury builds or situate themselves somewhere other than Cap Hill which has a bit of a 'gritty/blue collar' reputation. Overall consensus; lots of cash tied up for a low rate of return and lack of security in future laws of supply and demand. Good time to sell and reallocate.