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Borrowing against my Assets to borrow for an investment Property
Posted on 6/21/26 at 8:06 am
Posted on 6/21/26 at 8:06 am
I am looking at borrowing against both property assets and my investments to purchase an investment property. I know this is pretty common with possibly some on this board but I have never done it. I have not picked out a property or even a location for it but own a few other properties that are cash flowing out of state outright. I was going to borrow against them for a downpayment and borrow against my principal investments for the mortgage. I am of course most interested in purchasing a cshflowing property but besides that what should i be paying attention to here and, I am nervous about it, should I be?
4
Posted on 6/21/26 at 8:16 am to djrunner
I have done it numerous times, although never with my primary residence. One issue I ran into was being forced to up my home insurance on our lake house (loan collateral) due to the size of the loan. I buy investment properties and keep an open line of credit. One advantage is this allows me to purchase as a "cash buyer". Often with cash purchases, the seller pays some of the fees that could be split between seller and buyer, otherwise.
Posted on 6/21/26 at 8:27 am to KWL85
I am about to retire and that is where some of my concern comes from. Are you worried about not cash flowing a property or some sort of economic downturn leaving you upside down and putting your assets at risk?
Posted on 6/21/26 at 8:34 am to djrunner
Ive done it. But I bought the wrong house.
Investment house.
Complete Diaster.
But im working through it.
Investment house.
Complete Diaster.
But im working through it.
Posted on 6/21/26 at 9:04 am to djrunner
Risky. No way I'd do it.
Posted on 6/21/26 at 9:58 am to TheOcean
What is so risky?
Posted on 6/21/26 at 10:00 am to Sunnyvale
quote:
Ive done it. But I bought the wrong house.
Investment house.
Is it not renting or did you pay too much? Or something else? Trying to weigh risk...
This post was edited on 6/21/26 at 10:08 am
Posted on 6/21/26 at 10:23 am to djrunner
Yeah, after missing 3 deals. I was eager to buy, and bought a house with the worst sellars, convinced I could make some lemonade out of this lemon.
I over paid, and under estimated the work needed.
Got a professional inspection as well. Caught some big red flags, Paid 40k under asking but it still wasnt low enough, should have paid around 60k under asking.
Still isnt rented and toting and I only have 25k left on the loan to finish, still need roof, AC, sheet rock, Cabinets, appliances, Etc.
I over paid, and under estimated the work needed.
Got a professional inspection as well. Caught some big red flags, Paid 40k under asking but it still wasnt low enough, should have paid around 60k under asking.
Still isnt rented and toting and I only have 25k left on the loan to finish, still need roof, AC, sheet rock, Cabinets, appliances, Etc.
Posted on 6/21/26 at 10:33 am to Sunnyvale
quote:
Still isnt rented
quote:thats probably why it isnt rented
still need roof, AC, sheet rock, Cabinets, appliances, Etc.
Posted on 6/21/26 at 11:12 am to djrunner
Posted on 6/21/26 at 11:50 am to Fat Bastard
quote:
sounds like you need to learn how to run numbers on prospective properties.
Thanks but this question is more more of a borrowing question and specific to investors that have borrowed against other property or stocks etc. Not so much running numbers on properties. I own my other out of state investment properties outright and paid cash. I am now wanting to borrow against those properties and stocks to not come out of pocket and was interested in the advice from others that have done the same. I don't even have a specific property in mind at this point, cart before the horse situation where I want to figure out the best way possible and get an idea of capital I am able to work with first. Then I will identify the next location and property. I do think I will do Beach and Not mountains this time but that is about the only direction I have.
Posted on 6/21/26 at 12:19 pm to Fat Bastard
quote:
sounds like you need to learn how to run numbers on prospective properties.
Liek I said, I missed 3 properities , listening to a realtor who was grossly inexperienced.
If I had hit on any one of those 3, It would have been so more favorable and myself would have been in a strong position with positive cash flow.
I put in 3 offers, all were rejected, I was low 10,000, the other 15,000. I was adamantr about sticking to my offer. This one I was desperate.
And it stings buddy.
I did a pretty good job with running numbers.
I just miscalculated this one.
In hinesitght, I would have paid a little more, for so many less headaches.
This post was edited on 6/21/26 at 12:20 pm
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