Updated over 6 years ago on . Most recent reply
Advice on starting partnership
Hello all.
My husband and I have 4 homes combined.
Where we live, then a 3 unit duplex. One is airbnb and 2 aparments.
So looking inyo into buying more homes. My younger brother who still living at home wamts to buy a house and start investing at the same time. We found a duplex that fit both out needs. Him moving out while investing and more homes for us as well.
My husband and I are thinking taking an equity loan and paying half of it off right away
(My brother would live there so it'd help with homestead)
Any ideas ln how to make this work?
How does equity loan work? Will it be ONE loan or two? Is it true you have to finish paying it off before taking another one out? Any ideas, tips appreciated
TIA