Updated about 9 years ago on . Most recent reply
Varinder KumarPoster
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- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
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Leveraging a HELOC
I am thinking about getting a HELOC on my current SFR in Orange County, CA to purchase multifamily properties. I currently have a clean 500 cash flow on it, I manage the property myself. Im looking to pull out enough to put a 20% down on the multifamily. From what I see my current cash flow will take care of the payments on the HELOC and ill be able to purchase my multifamily as well. I dont have any other source of funding other than this.
What are your guys thoughts on this? Good move on investing and moving up? thanks!