If we decide  to pull money from our equity for a future investment will our loan mod from 5 years ago disqualify us?

@Wayne GriffinDid you ever pull the trigger on this?

Well with that I knew I could pull 85000 out of my building.

My goal is to buy and hold and pull equity out of it at a later date.

Our house in California has a loan on it for $220k but is worth about $600k and since we are still owner occupying it we are thinking of pulling out a HELOC on it so that we can use the money to purchase a couple for rental properties once we get back to Indiana or just have it available for any major future problems.

@Rich Somers - I agree with @Patrick Liska.Additionally, since you're going to be there for the inspection, you have the opportunity to pull in an electrician (or HVAC) IF the inspector finds major issues.

The home also appraised for 125k after the renovations so I was able to pull out almost all of my money to buy another rental.

The home also appraised for 125k after the renovations so I was able to pull out almost all of my money to buy another rental.

The home also appraised for 125k after the renovations so I was able to pull out almost all of my money to buy another rental.

Any reason you couldn't pull closer to 60K back out on the refi with a traditional 20 or 25% down loan, or do you already know what your refi vehicle will be?