He owes $5 to the lawsuit and has $1 in equity in his home (numbers have been changed).

i'm new at this, but i own a two familie building with 13000 in equity, and a home with 22000 in equity, i have three mortgages against both of these properties, i had a mortgage broker tell me today he couldn't get me a loan for another two familie because i had to many mortgages for my income, am i in a position to leverage my propertys?

She is currently paying $1200 for an apartment and wants to move up into a house :mrgreen: Best case scenario $511 a month cashflow with $44,230 in equity that will get wholesaled at 20% = $8,846 equaling a total of $18,912 after 6 months.worse case scenario(if I can't get the seller to cover the 2nd) $339 a month cashflow with $26,941 in equity that will get wholesaled at 20% = $5,388 equaling a total of $14,422 after 6 months.Now to the reason why I would wholesale this deal, it's simply b/c this property is in TN and I'm in AZ.I only wholesale my Sub's that are out of state.Again, once I'm done with this deal I will write an article with all the exact details.

I have about $100,000 in equity currently as I have done all this on my own, or through my close network of people (have access to masons, landscapers, etc with heavy equipment).I need to reinvest this equity and have had the ultimate goal of owning rentals for several years now.

If you're break even, you're got $340K in equity (less selling costs) setting there earning you nothing.

Say $100k property, $25k down payment, appreciation first year is 3.5%, so at end of first year property has increased in equity $3500. $25k/$3500 = 14%.

There are a few local banks that I'm sure would be interested in lending the money (given that there is already $20k in equity in the property).  

So, 20% of the cash flow and the rise in equity go to the sponsor.

I need some financial advice.I have 2 Rental properties where I am owner occupant of one of the multi units.I have 60k in equity in one of the properties that I will like to use to consolidate debt or continue buying more rental properties for an additional cash flow with a HEL at 4.50% interest. 

We were lucky to move to a suburb of Dallas and do so well in equity but we still have quite a bit of property taxes and Capital Expenses in the older house.