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Updated over 3 years ago,

User Stats

202
Posts
81
Votes
Michael Williams
  • Rental Property Investor
  • Sacramento, CA
81
Votes |
202
Posts

Private Lender or Pull Money out of my current property? (Heloc)

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted

Should I use a private money lender or pull money out of my current investment property to use as a down payment to purchase my first commercial multi family (5-10) unit property in Sacramento, Ca? I've just spoken with a lender today and he told me to look into a heloc and pull money out of my currenty investment property, I can easily pull $200,000-$300,000 out of the house. Or should I use a private lender? 

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