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Eric Rubin's profile image
Eric Rubin's profile image
Eric Rubin
  • from Birmingham, AL
  • Member since Jun 4, 2017

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Eric Rubin's profile image
Eric Rubin's profile image
Eric Rubin
  • from Birmingham, AL
  • Member since Jun 4, 2017
Eric Rubin
  • Birmingham, AL
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Creative Real Estate Financing

Buying a multi family building how do I leverage owned SFH

Eric Rubin
  • Birmingham, AL
Posted

Hello all first time post would love thoughts … we are buying an 8unit multi family building (1.2m) We have 3 of our 11 SFH owned outright (probably around 350-400k of appraised value between the 3) Would love to leverage the equity in our rental properties without turning them negative on cash flow. Thoughts on the best vehicles to pull equity out while keeping the owned properties in a good cash flow position.

Appreciate the feedback

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Jay Hurst's profile image
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Jay Hurst
  • Lender
  • from Dallas, TX
  • Member since Mar 29, 2017

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Jay Hurst
  • Lender
  • from Dallas, TX
  • Member since Mar 29, 2017
Jay Hurst
  • Lender
  • Dallas, TX
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Jay Hurst
  • Lender
  • Dallas, TX
Replied
Quote from @Eric Rubin:

Hello all first time post would love thoughts … we are buying an 8unit multi family building (1.2m) We have 3 of our 11 SFH owned outright (probably around 350-400k of appraised value between the 3) Would love to leverage the equity in our rental properties without turning them negative on cash flow. Thoughts on the best vehicles to pull equity out while keeping the owned properties in a good cash flow position.

Appreciate the feedback

@Eric Rubin  By keeping your loan to value at 60% on the single family homes you will get the best pricing. So, 225k for example in equity assuming 375k of market value. 

  • Jay Hurst
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