Updated over 5 years ago on . Most recent reply
Texas investment property heloc options
Hey Everyone, I have been working with a friend to buy investment properties. We bought our first with cash and it has small cash flow, but we are looking at more.
In Texas I've read a lot of different guidelines ranging from you cannot use equity whatsoever, to you can only use primary homes for equity (but not for investments), to you have to wait a full year after buying a cash property to do a regular cash out refinance.
Simply put, how can we use equity of a newly purchased investment property to buy more in texas as new investors that dont have the wealth or connections to get signature loans?