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All Forum Posts by: Amanda Roy

Amanda Roy has started 2 posts and replied 3 times.

Post: running background check

Amanda RoyPosted
  • Posts 3
  • Votes 0

looking for a good sit to run a background check. Do you recommend calling there old landlords for information?  

Quote from @Brittany Minocchi:

Assuming you've got enough equity in the property in 6 months and the lender doesn't have a longer seasoning requirement, sure. Are you planning on doing any sort of a value add? 

No the new property I’m looking at is turn key. 

I’m in the process of opening up a home equity line of credit, I currently have a mortgage on that property, and I have the opportunity to buy another one, but would like to use a line of credit to use as the down payment. Can I Cash out refinance on the second property in 6 months to pay off the line of credit?