All Forum Posts by: Tomas Colon

That might be my only play, I definitely have over 100k in equity in each condo. Thank you. 

I definitely wont be buying a condo again and yes I will be looking for a duplex or triplex but i wanted to pull some money out of the condos for the dp . Do they still do collateral loans or should i look into a private lender. Thank you in advance .

Hello BP family, I'm stuck and need some advice, I have two condos in NJ that cash flow well, and I tried to refinance but due to high investor vs owner units I couldn't do a cash out refinance,  so I'm putting it on the market . but I was wondering if someone else ran into this problem before and also, what other alternative can I have if it doesn't sell ? Thank you

Hi, when planning a cash out refi , is there a formula to pull out a certain amount so that the monthly rent will cover the new mortgage payment? Condo was bought for 93k at 5% by owner , owe about 70k, monthly rent is $1350.00 and I'm going to say its currently worth from 169k to 200k. Thank you 

Hello, I have a condo in Union City NJ that is owner financed and I'm looking to pull some cash out to reinvest on new investment . I love the BRRRR strategy would love to do it over and over , Thank you in advance