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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdvicePro and Cons of using primary residence equity for getting started
Kara Johnson's profile image
Kara Johnson's profile image
Kara Johnson
  • Real Estate Investor
  • from Rancho Cucamonga, California
  • Member since Feb 9, 2013
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Kara Johnson's profile image
Kara Johnson's profile image
Kara Johnson
  • Real Estate Investor
  • from Rancho Cucamonga, California
  • Member since Feb 9, 2013
Connect
Kara Johnson
  • Real Estate Investor
  • Rancho Cucamonga, CA
1
Votes |
16
Posts
Private Lending & Conventional Mortgage Advice

Pro and Cons of using primary residence equity for getting started

Kara Johnson
  • Real Estate Investor
  • Rancho Cucamonga, CA
Posted Feb 12 2013, 15:15

BP Pros,

Question for everyone that has been there, done that... I'm hoping maybe I can learn from your mistakes and/or gains!

We have 100K - 120K equity in our primary residence. Coming up with a down for a multi-unit on our own seems impossible...

Any advice? We obviously would love to pay our home off one day, but we also would like to move forward financially. Is this too risky???

Thanks

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