All Forum Posts by: Salvador Figueroa

So I am trying to take equity out of a rental property but the lender informed me that I can only do that if its my primary residence or a second home. Is there any other way to withdraw the equity? Is a cash out refinance my only option?

Upon doing this I will have around 100K to use as my down payment for a hard money loan to start my first BRRRR. Any suggestions or tips please advise.

Sounds great, thank you!

So I have over 200k in equity and I am thinking about taking 120K HELOC to do a BRRRR. I know a lot of banks offer HELOC's but is there any of them that you recommend? Have you been working with a lender in LA COUNTY for a very long time? What are some things that I should consider before I start interviewing lenders?

Investment Info:

Condo buy & hold investment in La Habra.

Purchase price: $285,000
Cash invested: $14,250

This was my primary residence but turned it to a rental property and is currently breaking even. In a few years with appreciation and a loan pay down by my tenants I will have enough equity for our next investment.

What made you interested in investing in this type of deal?

Me and my wife were getting married and needed a place to stay. Since neither of us wanted to rent we purchased a property instead.

Brandon said that we sign up to be a pro member that the Bootcamp training would be for free of charge. The link takes me for the sign up but it’s for a price. We are looking for the link that it’s strictly sign up. 

I am wondering the same, where do we sign up?