All Forum Posts by: Gary Marcus

Thank you @Dane Peterson, good point

@Steven Dyer thank you

Mike, thank you for the advice. Could you expand on some of the advantages of being a cash buyer ?

out of curiouity why wouldn’t you touch a multi in that price range? That seems to be around the average in the market I’m looking at

long term I’m looking to build cash flow through rental properties. I’m curious if there is a preferred or tested strategy for utilizing a heloc like this

I have a 120k HELOC and am looking to buy my first investment property. My goal is to acquire several multi-family properties over the next few years. I'm trying to figure out the best strategy. Does it make more sense to buy a property for say 70k outright and refi after 6 months and do it again or utilize the HELOC to fund down payments for several properties?

Great advice. Thank you. I never really thought of lending money to a flipper, might be an interesting way to raise my cash reserve before my first investment purchase. 

Ultimately I'm looking to buy and hold as many rental units as I can acquire over the next 20 years or so. After thinking about what you said, I think the way to go might be to do a "cash" purchase with LOC and refi once ive paid myself back the initial 20% then pay the remainder with the refi and do it all over again. It's a little slower start than I was hoping for but I think that would work soundly.

Please let me know if that makes sense with what you were explaining. Thanks again. 

First thank you for taking the time. 

I think what I would like to do is hold the property and refi when eligible to repay the Heloc. If this strategy works theoretically I would repeat. I am really not sure what the right strategy is to capitalize on this equity in my home. Any suggestions?

I have a heloc for $120K. I’m trying to figure out the math regarding buying power. Can I buy a property with a mortgage putting only 20% down and still make money needing to pay back both the mortgage and the Heloc? Or do I need to stick to “cash” purchases and just payback the Heloc?

I have a heloc for $120K.  I’m trying to figure out the math regarding buying power. Can I buy a property with a mortgage and still make money needing to pay back both loans? Or do I need to stick to “cash” purchases and just payback the Heloc?