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Updated almost 12 years ago on . Most recent reply

Andrew Martin's profile image
Andrew Martin's profile image
Andrew Martin
  • from Brooklyn, New York
  • Member since Jul 23, 2013
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Andrew Martin's profile image
Andrew Martin's profile image
Andrew Martin
  • from Brooklyn, New York
  • Member since Jul 23, 2013
Connect
Andrew Martin
  • Brooklyn, NY
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14
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Real Estate Deal Analysis & Advice

Cash out Refi or Home Equity Loan

Andrew Martin
  • Brooklyn, NY
Posted

Hello BP

I am closing on a deal for a house with a ARV of 30k, I bought the property for 18,500. I am looking to do pull my money out so I can buy other investments and would like advice on what I should use. The bank I have lined up for the cash out refi will do it for 75% of the LTV on a 30 year term, or go with a home equity loan since there are no closing cost. I would like to make profit on the cashout. Any advice would be great

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