Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
California Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Peter McLeod
  • Morongo valley, CA
0
Votes |
5
Posts

Acquiring a 3rd home

Peter McLeod
  • Morongo valley, CA
Posted

Hey everyone, I bought my first home USDA 0% down. Owe about $111k on it and roughly worth $155k. I then bought a second home with 5% down conventional for 78k. After remodel worth about 95k. The second will be rented and making $300 a month on top of the mortgage. What is the best option for me with small capital but steady income to acquire a 3rd home? HELOC on my primary residence and use the funds to put down on a new house? Any recommendations are appreciated I want to take some risk young and while rates are so low. Any advice on the next acquisition? Thanks in advance.

Loading replies...