Not impossible, just not likely.Once you reach 20% in equity the PMI go’s away.As you stated your hope is that most of your expenses will be covered.  

The facts:-Two properties (one in NC, one in FL)-NC property has VA loan, FL property has FHA-NC property has 0% equity, FL property has 25K in equity (purchase price 100k, appraised 125K)-A VA IRRRL (interest rate reduction refinancing loan) allows the borrower to extract 100% of the appraised value!

I have over 100k in equity now with only 3 houses.

Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equity, is that $40,000 useable towards your next home loan if you choose to put it down?

Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equity, is that $40,000 useable towards your next home loan if you choose to put it down?

Podcast listener here, hoping to get some advice.Bought a house just outside of Denver 2 years ago, have $198k left on the loan and have a good 60-80k in equity, according to a handful of real estate "website estimates".

Meaning you had to leave $35,000 of your money in equity in the property. 

I had a similar issue when I bought my first property so I went the turnkey route and got my first property for about 20k all in, including closing costs.Then I decided I wanted to buy something with a bit more built in equity, so I bought my second one in a different city and state.

Hello Everyone,I am looking for advice on a potentail 1031 situation.  My parents purchased a home 18 years ago for $160k. It is now worth around $850k, although they refinanced it once so there is a loan out for arou...

I think the money is better sitting in your pocket than locked up in equity which has no value in use to you.