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300 k property go to lender and ask for a 240 k equity loan. But.............tahst where the strategy wont work well with this OPs question Even with clients with good incomes, cash out loans need to be carefully ut together. ta rolf ta rolf

where possible use equity to buy, dont use cash. Gtetting cash back out can be xtremely problematic. Your friend really needs to have a sit down and work out a financing/mortgage plan.........the limited income resources means she likely will NOT be able to do this with one or 2 lenders...

Many mortgage brokers ( like insurance brokers and financial planners) have a recurring income stream from some of the work they have done. Many brokers are leaving the industry because it has become a little tougher to make a dollar. Some of those leaving the industry sell that recurring...

Typically, if this were my client I would suggest they run all my tools past a planner and accountant : ) Id use a large chunk of that 250 k for a business or investment that will generate an income stream. Relying purely on cap gain and resi rental income stream may leav your friend very...

Hi TE There is a way to do this over time, , but will requite investment in things other than just resi property, so as to generate some cashflow that can be used to gear from ta rolf