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Updated almost 8 years ago,

User Stats

15
Posts
1
Votes
Jheanell R.
  • Fort Lauderdale, FL
1
Votes |
15
Posts

Bought A Owner Occupied Duplex, Now What?

Jheanell R.
  • Fort Lauderdale, FL
Posted

Hi, 

Just want to say that Bigger Pockets have been such a great resource for me as a new investor. I've read a lot of forums and I'm almost finished with Brandon Turner's No Money Down book. 

I bought a Owner occupied duplex in Broward County Fl almost a year ago using FHA. I live in one Side obviously. Based on recent sales in the area, I've estimated that my property value went up about $58,000.

I would like to buy a second Property but I don't have much money. What would be the next move? Based on Brandon's book, I'm thinking I could do a home equity line of credit for a down payment. However, I went to my step moms old bank (she used to be in banking) and they stated I'm eligible for only $16 to $17k don't think that will go very far in Broward. Any other options for me? I want to buy another duplex. Should I wait a little longer? Buy a condo? Help!

Lastly, I LOVE investing and would love a mentor or networking event. Anything in Broward?

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