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All Forum Posts by: Mary E Zimmer

Mary E Zimmer has started 1 posts and replied 4 times.

Starting Out

Post: Question on using equity in primary residence to invest

Mary E ZimmerPosted
  • Posts 4
  • Votes 1

Thank you so much to all of you for your helpful replies!  

0 Votes
Starting Out

Post: Question on using equity in primary residence to invest

Mary E ZimmerPosted
  • Posts 4
  • Votes 1

Thank you John!

0 Votes
Starting Out

Post: Question on using equity in primary residence to invest

Mary E ZimmerPosted
  • Posts 4
  • Votes 1

Thank you so much for your reply Greg.  I actually didn't ask, but I will.  Thanks again!

0 Votes
Starting Out

Post: Question on using equity in primary residence to invest

Mary E ZimmerPosted
  • Posts 4
  • Votes 1

Hi!  I'm new to real estate investing, and was going to use a cash-out refinance of my primary residence to fund a rental property purchase.  However, doing this would mean that the rental property purchase would have no mortgage, and thus would be a bigger target for lawsuits.  Yet, I have heard one shouldn't just sit on the equity in one's primary residence and should use it instead.  I of course intend to get great insurance on the rental property, but even this might not be enough to protect from lawsuits.  I would really appreciate hearing other people's thoughts on this.  

1 Vote