Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

46
Posts
7
Votes
Thoai Han
  • Real Estate Agent And Investor
  • Philadelphia, PA
7
Votes |
46
Posts

Rental Property Completed, I feel like it's not enough

Thoai Han
  • Real Estate Agent And Investor
  • Philadelphia, PA
Posted

Hello BP! My first rental unit is finally complete and I have two tenants in place. I own the property free and clear, but I am stuck on what decisions to do next. 

So I've came to these options.
- Should I purchase another property (D to C grade property), renovate it and bring both of these properties to the bank to shop for a good HELOC rate? (Which takes about 4 to 8 months depending on how life goes) Or...
-Should I wait to qualify for a mortgage and purchase a B to A grade property in a desirable area?
-Wait to qualify for a loan to purchase a commercial property 6 Units + Storefront 

I'm the first of my generation here, there's no one to ask for advice except the BP family. Any advice guys?

Loading replies...