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All Forum Posts by: Tom Brickman

Tom Brickman has started 6 posts and replied 23 times.

Post: Help! I thought i was on the right track....but seem to be lost

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Eric Veronica all 5 of my paid of rentals are rented and in good repairs. Right now I'm looking at homes in Toledo ohio. 30k-90k. Most need updates. I found a 4plex I love but 1 unit the HVAC isnt working so I was afraid to even apply for a loan. Especially since I won't be living in it.

Post: Help! I thought i was on the right track....but seem to be lost

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Andrew Fidler I'm sending you a message.

Post: Help! I thought i was on the right track....but seem to be lost

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

I bought my 1st property at 21. I Currently have 6 properties. 5 are completely paid off and are all occupied rentals.  1 has a small 90k mortgage on it ( My Primary residence).  How do i fiance a new deal using equity from some of my paid off properties? Is that possible? If that is not possible how do i get a lender to lend to me on a rental property? Especially one that needs repairs? I'm based in Dallas Tx and half my homes are here and the other half are in Toledo Ohio. My credit is good. I just need to be pointed in the right direction.