Quote from @Adedotun Kembi: Quote from @Jeff Roth: Hi Holly from Georgia-You own a rental in Colorado and you are looking to purchase a new primary residence and possibly use the equity in the rental for the downpayment.You have two options I am aware of with the rental to access the equity:1.

Knowing the laws ahead of time and the process is very important but just know that lateness's are part of the game we play.

In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.

one of my clients that has a pretty big PM company.. had a unique way of doing this.He offered 50% of the first months rent or 500.00 minimum.. he would have 4 or 5 agents at the weekly meeting handout the list of vacants .. each of them would go place a sign in the yard and first come first served.. he found that potential tenants would call the first sign if no answer they called the next one until finally someone answered.. it worked pretty awesome for him. 

One of the things I learned early is that the margins on a deal need to be substantial. 

All the complaining in the world won't change a darn thing. 

This is due to all the foreclosures that have been tied up in land court since the pandemic. 

Valuing your time and understanding your limits and skills will make a big difference in the equity you build, the quality of the work and your sanity. 

Having the right partners on the design and build is what I have found to be the most important piece of the puzzle.  

The vendor is often slow to respond because the fee is way below what they usually make.