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Trevor Neale
  • Rental Property Investor
  • Newark, NJ
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Should i use my equity?

Trevor Neale
  • Rental Property Investor
  • Newark, NJ
Posted

Hello, hope all is well. I have a lot of equity from my first triplex and currently looking for another triplex. Should I don't touch my equity or get the other unit from my savings. If I do take it out how does it affect the current loan? Oh and it's a FHA loan.

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Don Konipol
#1 Syndications & Passive Real Estate Investing Contributor
  • Investor
  • The Woodlands TX / Avon, CT
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Don Konipol
#1 Syndications & Passive Real Estate Investing Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied
Quote from @Trevor Neale:

Hello, hope all is well. I have a lot of equity from my first triplex and currently looking for another triplex. Should I don't touch my equity or get the other unit from my savings. If I do take it out how does it affect the current loan? Oh and it's a FHA loan.

Not sure it matters much.   More of a liquidity issue.  
  • Don Konipol
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Private Mortgage Financing Partners, LLC

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