Updated about 11 years ago on . Most recent reply
First Property and what now?
I am currently a real estate agent living and working in Houston, Texas. I have been doing it for about 2 years. Also, about 2 years ago I purchased a condo in a building in Midtown. When the area was completely unpopular for $76,000. The mortgage is around $55,000 and if I sold today it would be worth around $125K to $130K. I was very fortunate. I do not want to sell but I want to use the equity to purchase my next property and rent that one out. My credit score is around 620 I believe so going the traditional route of cash out refi doesn't seem likely.
Anyone have any suggestions about a good route.