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Updated almost 4 years ago, 03/30/2021
Trying to Purchase 1st Apt Complex
We're trying to purchase our 1st apt complex. We're approximately 40k short if we do a 20% down on a commercial loan. We're considering doing a HELOC or pulling cash out of a duplex that has significantly appreciated. What would you guys recommend?
- HELOC?
- Try for seller financing?
- Refinance Duplex and pull out more cash?
- Try to find a portfolio lender that will do 15% down?
- Other ideas?
Thanks in advance for any help or ideas!
Gery