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Updated over 4 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Blacksburg, VA
  • Member since May 2, 2013
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Blacksburg, VA
  • Member since May 2, 2013
Connect
Account Closed
  • Investor
  • Blacksburg, VA
10
Votes |
53
Posts
Buying & Selling Real Estate

Lien against one to buy another?

Account Closed
  • Investor
  • Blacksburg, VA
Posted

Hi Everyone,

I have a question about financing a deal that I'm under contract for. 

I'm debating on whether I should bring cash to the table, or let the bank put a 2nd on another property that I have some equity in. If they use a lien, does that work similar to a HELOC in that I will have a monthly interest payment in the amount of the 2nd?

Thanks,

Andrew

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