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Updated about 4 years ago on . Most recent reply

Mario Morales's profile image
Mario Morales's profile image
Mario Morales
  • Member since Feb 2, 2020
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218
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94
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Mario Morales's profile image
Mario Morales's profile image
Mario Morales
  • Member since Feb 2, 2020
Connect
Mario Morales
94
Votes |
218
Posts
General Real Estate Investing

Loan Inquiry for property purchase

Mario Morales
Posted

I currently have a multi-unit appraised at 255K, with a balance of 174K. Good cash flow, monthly mortgage and expenses 1600, monthly rental income 3300. I have a full time job and make 6 figures, little expenses, good credit. I am looking for a way to borrow out of my property 60-80K, to use as a downpayment to purchase another multi-unit. 

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