Say the tenant stops paying rent around that time and you start an eviction, the entire time the tenant is in the house, you can't turn the utilities off, so then you'd be digging a deeper hole.

I'm just about to get an approval on a SS and the negotiator came back and said the borrower qualifies for HAFA.

With a solo 401k, you can borrow up to 50k on a tax deferred basis.

Why stop at $1,500,000?....

I then bought another house in Schenectady that I borrowed $ 50,000 from the same bank on my second house I fixed up the third house and have since rented it out.However now my bank says they can't lend me on the third house as collateral all three are rented net monthly rents are $ 2075.00 two mortgages are less that $400.00 per month They gave two reasons 1] the 3rd property was out of their area . 2] they have introduced new lending standards and the fact that my credit has been bad inside the last two years means they cannot lend to me.Has anyone run into issues like this?

My question is what would my options be for after obtaining the house to be able to tap into the equity of the 4 family house that I just purchased outright to be able to pay my parents back the $30,000 that they borrowed me?

Or should we try to borrow against our house and try to use that equity to purchase rental properties?

I was considering using an agent, but I stopped hearing back from them.

The lender should send these borrowers a letter stating the same thing.

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.