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All Forum Posts by: Walter Brennan

Walter Brennan has started 2 posts and replied 3 times.

Private Lending & Conventional Mortgage Advice

Post: Pulling out equity in a property

Walter BrennanPosted
  • Wholesaler
  • Jamison, PA
  • Posts 3
  • Votes 1

I purchased a home for $42,000.00 and it currently is rented out for $800/mo by the same tenant for the past 6 years. I want to put a mortgage on the property for $65,000.00 to do some other business. The home currently appraises at $90,000. My credit right now is not good. Will a bank give me a mortgage for the property using the property as the only collateral? All knowledge/advise welcome. Thanks for the insight.

0 Votes
New Member Introductions

Post: Newbie RE investor

Walter BrennanPosted
  • Wholesaler
  • Jamison, PA
  • Posts 3
  • Votes 1

Thanks for all the advice and info! Thanks Paul, Brandon, Brandon and Antonio!!!

0 Votes
New Member Introductions

Post: Newbie RE investor

Walter BrennanPosted
  • Wholesaler
  • Jamison, PA
  • Posts 3
  • Votes 1

Hello, my name is Walter, and I am new to the real estate investment business. I have been reading everything I can get my hands on regarding wholesaling and flipping properties. What I need is a mentor to guide me through this process. I am doing this full-time and I am need of some advise! I am in the Philadelphia area. Thanks, and I can't wait to get started!

1 Vote