Updated almost 2 years ago on . Most recent reply
Trying to buy 3rd home!
Just starting out on our rental buying journey.
I own two homes, a primary and a rental. We house hacked the first home and remodeled before buying the second home and remodeling it as well.
Both homes have around 100k equity each.
My question is, I have found a new home off market I would like to buy for around 100k with 40k remodel and estimated appraisal of 200k when complete.
Our Cash on hand is low, but plenty equity in homes. How would you go about buying 3rd home? Heloc/cashout refi etc? Or not buy at all?
Thanks in advance!