James Freeman
Keeping existing house we been living in 20 years and buying new
What would be the best way to keep our existing house with good equity and finance a new house? 401K loan? Equity from current house? How much should we pull out if we refinance our 1st mortgage? We have never owned n...
Jeff Rossman
Using Equity in my Primary Residence for First Investment??
Hey all! This is my first forum question.I have about $50k equity in my primary residence, and was wondering if it would be advisable to use that equity to get my first investment home.If so, what route should I take:...
Al Seward
The Right Strategy for first time older investors
If you have read my previous post, you know my wife and I are brand-new investors. We are getting ready to buy our first property, which will likely be some type of house hack. But I am 51, and I know myself. I can't...
Wojciech Grajewski
What would you do in my situation?
SITUATION 1:I purchased a house with a VA loan (this means I cannot rent it out) for $225K located in Long Island NY. The current mortgage is $200K. The current rental value is $2,400. The PITI on the house is $1300. ...
Bryan Galaz
How can I use the equity in my primary residence to get started?
I have over $500k in equity with my primary residence and feel like I should be using it to get into real estate investing, but have no idea how to get started. How can I use that equity to buy a rental property?Than...
Account Closed
how important is it to get equity? listsource?
as a beginning RE investor, i wanted to start out wholesaling.
i went on listsource to get a mialing list. i did my whole state and got about 98k people. when i put the criteria to search for absentee owne...
Jent Botterman
HELOC or Equity Loan? What to do with Equity?
Hi everyone,This question is multi-faceted. So, I apologize in advance for the barrage of questions.
I have a SFH, free and clear, that rents for $1,200/month. It has never been vacant. Before the interest rates mak...
Mike Lee
pre 4 closure equity in Florida
Newbie here with a dumb question:
I'm a little unsure what happens to the the owner's equity in a pre foreclosure in Florida. I read that some states, the owner loses their equity, but most states allow the owner t...
Kris Cline
Best Strategy to use $200K in Equity
I have a little over $200K in equity in my personal residence and I'm looking for the best strategy to get my first rental. I'm considering selling my home and using the equity left over to house hack a duplex and pur...
Sam Brasseale
HE Loan to buy new primary residence
I’m looking at buying a new house. I currently own a 3/2 with approx 185k in equity and 115k left on the loan. My plan is to take out a home equity loan for the down payment of 20% on a 520k house. Current mortgage is...