All Forum Posts by: Krystof Pilisiewicz

Are you sure you can't qualify for a mortgage without using your primary residence ? If at all possible It might not be a bad idea to consider doing a separate mortgage. Maybe even under a corporate entity. It all depends on what your plans are.

Some mortgages will accept 65% LTV and underwrite based on rental income. All depends on what you want to do.

Hey Juan, A neighbor, If I may!

I am just dipping my toes, so any idea or a note is to appreciate it. To your point, I read many good things about HELOC on this forum, and I want to try this. I will speak with my mortgage specialist and see what he thinks about it.
Thanks you the advice!

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Originally posted by @Eddie T.:

@Krystof Pilisiewicz What are you looking to accomplish by purchasing another home? Monthly cashflow?

I want all four aspects: cash flow, appreciation, loan payments and tax break at the end of the year. I'm not concerned that much with cash flow, but I want to have enough, so I don`t pay for any utilities, taxes, etc. from my pocket.

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Hi,

I want to say Hi, to everyone.

I am new to this site, and I`m hoping to learn how I can buy my second house based on my equity line of credit from my first house.

Looking forward to engaging with this site, and all the members!

Go BiggerPockets!

1 Vote

All Forum Posts by: Krystof Pilisiewicz

Krystof Pilisiewicz has started 14 posts and replied 53 times.

Post: Hello from Ridgewood, NY (Queens)

Post: Hello from Ridgewood, NY (Queens)

Post: Hello from Ridgewood, NY (Queens)