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I'm going to be buying a foreclosed house at auction less than a month from now. I have 20k in the bank, a full time job making 45k/year and own a rental property outright that is worth ~40k. My credit score is "Good" at around 690.
What's my best bet to secure a loan for 20k in the next 3 weeks. Take out the equity on my rental property, or get a private or bank loan and from where?
Thanks.
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>>1338229
>40k properties
dude where do you live
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>>1338230
It ain't the Hollywood Hills, my friend, but they're roughly 750 sq foot two bedroom homes, low crime, and pull in $750 to $800/month net.
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>>1338232
What state? im legitimately curious where I can get $40k properties
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>>1338232
That 40k valuation is from zillow btw, but average sold prices in the area confirm it's reasonable. I picked up two years ago for 12k (~20k completely refurbed)
I have the bonus of not renting out the two car garage and store everything I want in it.
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