All Forum Posts by: Jess Sanchez

Hi, I’m hoping to buy my first 2 family rental house within 5-6 months from now. I probably have 66% of the downpayment for the price range in the area I’m looking at. I read from other people’s post that I can use heloc from my primary house to combine with my savings to come up with the 25% down required since I won’t be living there. My question is should I apply for heloc now and just have it available til I find the deal or should look for a house first before opening a heloc? I’m just worried because I don’t know how long it takes to get a heloc. TIA for the advice!

 That sound like a good strategy but I’m just starting to learn real estate and I’m hoping start with a simple strategy. 

 We just bought the house 2 years ago so we’re not ready thinking about selling it yet. And I’m not sure if there is equity to pull out also since it’s been a short period. 

Hi, what is a good way to start in real estate investing for some who already bought a single family house? I feel like we should’ve bought a multifamily to live in since we were qualified for a low downpayment. Now we are stuck because we need 20% to buy a rental property.