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Updated almost 4 years ago, 03/30/2021

User Stats

11
Posts
5
Votes
Gery Teague
  • Rental Property Investor
  • Redmond, OR
5
Votes |
11
Posts

Trying to Purchase 1st Apt Complex

Gery Teague
  • Rental Property Investor
  • Redmond, OR
Posted

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

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