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All Forum Posts by: Taylor Colwell

Taylor Colwell has started 1 posts and replied 3 times.

Post: Home equity questions

Taylor Colwell
Posted
  • Real Estate Broker
  • Belton, TX
  • Posts 3
  • Votes 0
@Peter M. Appreciate the response!

Post: Home equity questions

Taylor Colwell
Posted
  • Real Estate Broker
  • Belton, TX
  • Posts 3
  • Votes 0
@Michael Lee Good info. I had a realtor friend determine value it should be prettt accurate. Thank you!

Post: Home equity questions

Taylor Colwell
Posted
  • Real Estate Broker
  • Belton, TX
  • Posts 3
  • Votes 0
The home we live in has appreciated significantly since we bought it 4 years ago. At 85% of our ltv we would have just over $80k to work with. I am actively looking for my first real estate investment opportunity but have no cash and nothing extra to be able to carry any monthly payments. Is it a good idea to leverage the equity in our home to get started? Pros and cons?