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Updated almost 2 years ago,
How to take the next step to purchase 16u deal
Listing price for the property is 1,499,900 and it contains 4 duplexes and 2 quads. I am trying to figure out how to get financing for this property and how to get creative to obtain deposit. I am almost done remodeling my primary residence. It should be done by the end of this month or mid February at the latest. We owe 334K on the home but right now after remodel it should be work 850K-900K. I was thinking of Heloc $225- 250k with the rest of our cash to make the deposit $300k. Pls let me know your thoughts. We make over 200K a year and currently own 5 investment properties. The properties also also have equity in them too. One of my duplex that I own should have 100K in equity. I have 65K saved and trying to figure out how to take the next step.