Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jill Widmer

Jill Widmer has started 1 posts and replied 1 times.

Hello,

I was hoping to get some advice on whether this was doable. 

Interested in purchasing a property-single family home or condo in Florida or Texas along the gulf coast around the $500k-$600k range. Planning to rent out short term and use it a couple of times a year. 

Currently own our primary residence in ohio. Have about $275k equity in it with a heloc with a little over $200k on it with zero balance. Have a 15 year mortgage with 2.3% interest rate and a payment of about $2100/month

Have a rental property condo in ohio that is worth about $175k and no loan. Taxable income on the rental was about $6k after depreciation last year

parent plus loan of about $27,000 in forbearance as my daughter is still in school

use credit cards but pay them off every month

no other debt

my w-2 income is 70k, and I am a shareholder in 2 small businesses where I get approx 25k extra each year 

my husband makes $92k w-2 income

have about 60k in savings

is it possible to get a loan while using the heloc for a down payment? Or what are my options?

thanks so much!