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Updated about 8 years ago,

User Stats

29
Posts
8
Votes
Garrett Masiulis
Pro Member
  • Real Estate Agent
  • Jacksonville, FL
8
Votes |
29
Posts

Financing plan, which is the right path ?!?

Garrett Masiulis
Pro Member
  • Real Estate Agent
  • Jacksonville, FL
Posted
Situation: Ready to start investing but starting from scratch with respect to capital. 2017 Goal: Buy first property Financing: 1) 90,000 equity in own home or 78,000 after considering my current HELOC. Another HELOC or increase limit (if that exists) 2) Sell home and move into investment home for a minimum of a year to utilize low down payment of conventional loans. (Maybe rent current home in the meantime instead of selling...) 3) Save $800 a month and play the waiting game until I have enough for my first purchase and cash reserves. 4) Any suggestion from YOU? With financing being the biggest hurdle, I was wondering what more experienced investors would recommend given my situation. Thanks in advance!
  • Garrett Masiulis
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