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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Julian Hendrix
  • Rental Property Investor
  • Greensburg, PA
2
Votes |
13
Posts

What is the best way to leverage my business to start investing?

Julian Hendrix
  • Rental Property Investor
  • Greensburg, PA
Posted

I have several more months before I pay off my cc debt and the last of the payments on the building for the business that I bought. After all is said and done I should have an extra $4500per month of cashflow plus whatever my business building appraises for (around 150k) to use toward buying 1 or more multi-family apartments that are selling in the area. My question is what is the best way to leverage the building I will out right own, so that I can buy more assets in the area. Should I go with a HELOC, or get a mortgage on my building to buy more places or it there a better route I could be taking? Also what should I be doing to prepare for when I'm financially ready to start?

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