All Forum Posts by: Ronnie Thaxton
Ronnie Thaxton has started 1 posts and replied 3 times.
Post: Loads of Equity without Access!
- Investor
- Washington, DC
- Posts 3
- Votes 0
Yes, the property with the equity is currently being rehabbed in DC. The ARV will be approx. $700k, mortgage is only $55k. I want to get a loan to finish the rehab without depleting my cash reserves.
The Maryland property is in foreclosure. I attempted to short sale, but a IRS lien on the property stopped the sale.
Post: Loads of Equity without Access!
- Investor
- Washington, DC
- Posts 3
- Votes 0
Hi,
The property pending foreclosure was my former primary residence in Maryland. I am currently in the middle of rehabbing the property with equity with plans to move into the property. I need access to the equity to get serious about investing, wholesaling, etc.
Post: Loads of Equity without Access!
- Investor
- Washington, DC
- Posts 3
- Votes 0
I currently own a property in the District of Columbia with approximately $500k in equity. I am looking to gain access to some of the equity to capitalize other real estate deals. My credit is decent, but I have another property that is pending foreclosure. Any suggestions would be great. Thanks in advance.