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Post by marykent on Jun 14, 2005 20:10:12 GMT -5
Right now, we have about 280K in equity in our primary residence. I have been planning on buying a duplex that I came accross and putting about $100K as a down payment, but I hate to tie up cash that I could be using for something else. Any ideas on how I might approach this?  |
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Post by Jay Iwahashi, GRI on Jun 23, 2005 19:42:15 GMT -5
Right now, we have about 280K in equity in our primary residence. I have been planning on buying a duplex that I came accross and putting about $100K as a down payment, but I hate to tie up cash that I could be using for something else. Any ideas on how I might approach this? Let me ask you a few questions. Would that $100k be pulled from the equity of your current residence? If so, at what % rate? And as far as using that cash for "something else", were you talking about investing the money? |
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