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Updated almost 8 years ago,
HELOC for Multi Family 3-5 year Off Market Value Add
Hello Bigger Pockets! My name is Nico and I have recently started learning/listening/studying real estate investment through Bigger Pockets and the real world. I currently work for a large developer multi family mixed use property's.
However, I'm looking to begin in the real estate investing game on the side.
Currently I have a house in San Diego that I am looking to receive a HELOC with.
The HELOC will be used for a commercial property value add with a 3 year hold.
I would greatly appreciate some advice as to where I should begin my search for a HELOC in San Diego. What rates would be expected? Would you guys recommend a HELOC for a 3 year hold? Or should I be looking into a home equity loan?
Thanks in advance!
Nico