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Updated over 11 years ago,

User Stats

11
Posts
0
Votes
Jeff Whitener
  • Real Estate Investor
  • New York City, NY
0
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11
Posts

inherited a house

Jeff Whitener
  • Real Estate Investor
  • New York City, NY
Posted

Hey everybody,
So my brother and I inherited my grandmothers house about a year ago and now are renting it out. The house is paid in full, so everything after taxes and insurance is cash flow, which is great. I however, don't know where to go from here. I've become very interested in long term holds now after getting this property, but dont know if the best move is to get a HELOC, equity loan or mortgage on the house to buy another investment property. I live in NYC and the property is in upper state SC. I will be moving to the SC area in about 3 years. I want to buy more properties in SC. Any thoughts on the best option to take advantage of this oppurtunity

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