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Updated about 3 years ago on . Most recent reply

User Stats

4
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1
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Brian Thomas
  • Investor
1
Votes |
4
Posts

How much can I borrow?

Brian Thomas
  • Investor
Posted

How much could I borrow to buy another property or to renovate the existing properties…

Against a portfolio worth 3.5 million with about 1.5 million in equity generating 15k in gross revenue?

  • Brian Thomas
  • Most Popular Reply

    User Stats

    739
    Posts
    410
    Votes
    Andrew Garcia
    • Lender
    • Charlotte, NC
    410
    Votes |
    739
    Posts
    Andrew Garcia
    • Lender
    • Charlotte, NC
    Replied
    Quote from @Brian Thomas:

    Thank you, Andrew! Would you mind breaking down your numbers a bit more? .75*X=625k, in your response. What is the X?

     @Brian Thomas, .75*3,500,000 = 2,625,000. You said that you have $1,500,000 in equity meaning that you have $2m in loans to pay off.

    2,625,000 - 2,000,000 = 625k.

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