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Updated over 7 years ago on . Most recent reply

Michal Sypolka's profile image
Michal Sypolka's profile image
Michal Sypolka
  • Investor
  • from Harleysville, PA
  • Member since Sep 14, 2017
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Michal Sypolka's profile image
Michal Sypolka's profile image
Michal Sypolka
  • Investor
  • from Harleysville, PA
  • Member since Sep 14, 2017
Connect
Michal Sypolka
  • Investor
  • Harleysville, PA
9
Votes |
12
Posts
Creative Real Estate Financing

Conventional Mortgage vs. HELOC

Michal Sypolka
  • Investor
  • Harleysville, PA
Posted

Hello All,

I'm looking to purchase my first rental property outside of Philadelphia for around $100k - $150k. I'm wondering what financing works best for this. I have about $90k in equity in my current property. So should I take a conventional mortgage or HELOC and use my equity or any other financing? I appreciate your help.

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