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Private Lending & Conventional Mortgage Advice

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Stephen Nava
  • Investor
  • Austin, TX
11
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54
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Equity stuck in property and I want to continue investing

Stephen Nava
  • Investor
  • Austin, TX
Posted Sep 12 2020, 11:28

I own three properties. One has about $280,0000 equity that I would like to use to continue investing. Due to my high debt to income, I am not able to qualify for a refinance.

Monthly Income: 

W2 2426

Property 1 Rent 2200

Property 2 Rent 2700

Total monthly income: 7326

Expenses: 

Property 1 Mortgage 1306

Property 2 Mortgage 2177

Property 3 Mortgage 1284 (This is a co-sign loan)

Total monthly expenses: 4767

Besides selling the property with the high equity, what are options or strategies I can use to continue growing my portfolio? 

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