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Updated almost 6 years ago on . Most recent reply

User Stats

154
Posts
92
Votes
Ariel K.
  • Texas
92
Votes |
154
Posts

Loan question to discuss

Ariel K.
  • Texas
Posted

I am looking to buy a 4plex in Austin for $460,000. I Own the one next door and 7 months ago it appraised for $507,000. This one couple potentially appraise for more, but for example’s sake, let’s use $510,000 for ease. Is there a way to fold this $50,000 in equity to lower my down payment from $115,000 to $65,000? Or is there some other way this equity can be used?

Thanks!

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