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Updated over 5 years ago on . Most recent reply

Janiel Vanderhorst's profile image
Janiel Vanderhorst's profile image
Janiel Vanderhorst
  • Rental Property Investor
  • from Washington, DC (washington dc) and Hampton road Virginia
  • Member since Jun 21, 2019
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Janiel Vanderhorst's profile image
Janiel Vanderhorst's profile image
Janiel Vanderhorst
  • Rental Property Investor
  • from Washington, DC (washington dc) and Hampton road Virginia
  • Member since Jun 21, 2019
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Janiel Vanderhorst
  • Rental Property Investor
  • Washington, DC (washington dc) and Hampton road Virginia
1
Votes |
11
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Starting Out

Down payment secured, whats next?

Janiel Vanderhorst
  • Rental Property Investor
  • Washington, DC (washington dc) and Hampton road Virginia
Posted

Looking for advice. I own a property in PG county Md free and clear and took out a HELOC to use towards a down payment and repairs. Only thing is i dont know what kind of loan i should get... i keep hearing about conventional, portfolio lender, and 80-10-10. I really want to jump into another property but dont know what steps to take. Any advice on which route would benefit for a cash flowing property

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Frank Geiger's profile image
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Frank Geiger
  • Rental Property Investor
  • from North Carolina
  • Member since Apr 25, 2018
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Frank Geiger's profile image
Frank Geiger's profile image
Frank Geiger
  • Rental Property Investor
  • from North Carolina
  • Member since Apr 25, 2018
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Frank Geiger
  • Rental Property Investor
  • North Carolina
776
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776
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Frank Geiger
  • Rental Property Investor
  • North Carolina
Replied

Start calling up lenders and asking them what products they can offer you. You're probably looking at a conventional if you don't want to occupy. 

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