All Forum Posts by: Danny Banda

I have one investment property looking at taking equity out. Currently have $150,000 equity built up. I have done spoke to some vendors offering 75% LTV offering 100k in getting cash out. My goal is to buy a second investment property. I'm stuck in the next step do people normally take that 100k use it for a down deposit for the next property but than that means, a separate mortgage will be needed to complete that or just try to find a property near what getting out of my property which is 100k

I purchased a business in 2019 that included a single family home as a package deal, long story short I sold the business while keeping the single family house as rental property. The rental property is paid off in clear during the process of selling of my business. I'm debating in taking the equity out to purchase additional investment property's? I'm stuck in which route to take weather it be doing refi, HELOC, Home equity loan for which option works best for me? Secondly should I purchase multiple property's with the equity or buy a property in full with the equity? Somebody lead me in the right direction here?