Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Financing decision Heloc
Hey Guys
Need some opinions :)
Just paid off primary home worth about 200k
A rental we have we owe 9k value 100K. This one we make $300 a month right now until it's paid off. After it's paid profit will be $580 a month
Another rental we owe 60k and worth 130k. This one we are even monthly.
Credit score about 630
10k credit cards ( I'm paying them off )
Income on paper is bad
If I can do I do a heloc to buy another unit or refinance what I just paid off and have cash to buy ?
We want to get more units
Thanks