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Updated almost 10 years ago on . Most recent reply

TJ G.'s profile image
TJ G.'s profile image
TJ G.
  • Investor
  • from Irmo, South Carolina
  • Member since Apr 10, 2015
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TJ G.'s profile image
TJ G.'s profile image
TJ G.
  • Investor
  • from Irmo, South Carolina
  • Member since Apr 10, 2015
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TJ G.
  • Investor
  • Irmo, SC
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Multi-Family and Apartment Investing

Leverage

TJ G.
  • Investor
  • Irmo, SC
Posted
I have been buying and holding in SC for the past three years, but I would love to grow my my portfolio to include multi family units and eventually apt complexes. Any advice on how to leverage my current properties in order to make the bigger purchases? Thanks in advance, TJ
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Larry Turowski's profile image
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Larry Turowski
  • Flipper/Rehabber
  • from Rochester, NY
  • Member since Mar 21, 2014
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Larry Turowski
  • Flipper/Rehabber
  • from Rochester, NY
  • Member since Mar 21, 2014
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@TJ G. You don't give any current debt information.  Do you own these outright?  There really is no secret to leverage rentals.  You either get a mortgage or home equity loan.  Not too many banks offer HELOCs on rentals, but some do.  For a mortgage you could go conventional, portfolio or use a private lender.

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