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Mortgage Brokers & Lenders
HomeForumsMortgage Brokers & LendersPull money out of my paid off house or hard money lender?
Anthony Gray's profile image
Anthony Gray's profile image
Anthony Gray
  • Rental Property Investor
  • from Mabank, Texas
  • Member since Sep 22, 2020
  • Posts 8
  • Votes 1
  • Experience 5 Yrs
  • Investments 3
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User Stats

8
Posts
1
Votes
Anthony Gray's profile image
Anthony Gray's profile image
Anthony Gray
  • Rental Property Investor
  • from Mabank, Texas
  • Member since Sep 22, 2020
  • Posts 8
  • Votes 1
  • Experience 5 Yrs
  • Investments 3
Connect
Anthony Gray
  • Rental Property Investor
  • Mabank, TX
1
Votes |
8
Posts
Mortgage Brokers & Lenders

Pull money out of my paid off house or hard money lender?

Anthony Gray
  • Rental Property Investor
  • Mabank, TX
Posted Apr 12 2021, 13:36

I am interested in a property that needs a rehab. I have a paid off property valued at $85,000+.

Is my best option to pull money out of the paid off property (currently rented) or should I learn more about hard money lending?

Property i am interested in numbers:

Purchase Price: $83,000

Rehab: $15,000

ARV: $135,000

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