Updated over 10 years ago on . Most recent reply
Suggestions for financing
hi all, I currently own a duplex out right in Jackson Michigan and has good cashflow. The property is worth around 25000. My question is this, I would like to pull 10 to 15 k out of this house as a loan to purchase another duplex. Problem is everyone I've talked to only does 50 k and up...don't want that much debt and collateral real estate is only valued at 25k. Anyone with ideas....
Thank you