Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 almost 6 years ago on . Most recent reply

User Stats

15
Posts
0
Votes
Abhra Mukherjee
0
Votes |
15
Posts

Heloc vs Hard Money

Abhra Mukherjee
Posted

Hi Everyone.  Looking for advice and appreciate any inputs greatly. 

I am looking to buy a 2 family rental in Manville NJ. The price is $250,000 with a monthly rent of $2800. The house is in good shape and needs no Capex / immediate repairs. I will need 25% down payment $62500.

I own a multifamily as my primary residence ( live in one and renting the other one). The Appraised value of the house is $400,000 and the I owe $322000. 

Can i get a HELOC? If not Hard Money for the down payment

Thanks

Abhra

Loading replies...