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All Forum Posts by: Eddie Marcano

Eddie Marcano has started 10 posts and replied 31 times.

New Member Introductions

Post: Newbie Investor looking for advise

Eddie MarcanoPosted
  • Real Estate Investor
  • Bronx, NY
  • Posts 39
  • Votes 4

Hello Everyone.

I'm so fortunate to have found this site.

Well, Here is my situation. We recently purchased a 5 unit property in Schenectady, NY. The purchase was cash, so there is no debt or mortgage. The property is 85% occupied. One tenant was evicted last month. My question is; How do we go about using this property as collateral to purchase another property.

Which route should we choose; HEL,HELOC, Hard Money ,private lenders.

1 Vote