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Updated over 2 years ago on . Most recent reply

User Stats

16
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4
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Adam Young
  • Rental Property Investor
  • Dfw Airport, TX (DFW)
4
Votes |
16
Posts

Creative loans with two rentals

Adam Young
  • Rental Property Investor
  • Dfw Airport, TX (DFW)
Posted

I’ve had one rental for a year and just acquired rented out my second rental. I have a couple hundred thousand in equity between the two and now I’m trying to figure out my next move. I’m open to partners but would prefer to do it on my own and I’m trying to figure out how to get more loans/money for more properties. I’m in the Nashville, TN area.

Thank you in advance for the help.

  • Adam Young
  • Most Popular Reply

    User Stats

    1,166
    Posts
    888
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    Chris Davidson
    • Real Estate Agent
    • Boise, ID
    888
    Votes |
    1,166
    Posts
    Chris Davidson
    • Real Estate Agent
    • Boise, ID
    Replied

    @Adam Young you mentioned would rather do it on your own, but then rather find a partner. Going up 3% to pull out hundreds of thousands in equity is likely very small in comparison to equity splits on a new property. I would focus on what you really want before signing any papers. It is easy to jump into a deal but not as easy to jump out. 

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