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All Forum Posts by: Lakisha Fulmore

Lakisha Fulmore has started 1 posts and replied 4 times.

Post: Second property: Should I get another mortgage, heloc, or OPM?

Lakisha FulmorePosted
  • Homeowner
  • Long Island, NY
  • Posts 4
  • Votes 3

Thank you Mohammed for your reply and suggestion. I think I will go that route. Thank you again!

Post: Second property: Should I get another mortgage, heloc, or OPM?

Lakisha FulmorePosted
  • Homeowner
  • Long Island, NY
  • Posts 4
  • Votes 3

Also, I am not sure the amount of cash flow I am looking for. Of course I would like a ton, but I’d be ok with 400-500 per month. 

I like the mortgage idea as opposed to using other peoples money, since I am still so new to this. 

Post: Second property: Should I get another mortgage, heloc, or OPM?

Lakisha FulmorePosted
  • Homeowner
  • Long Island, NY
  • Posts 4
  • Votes 3

Hello All! I am preparing myself to buy my second property (currently house hacking), but my local market is extremely expensive. Therefore, I’m looking at out of state/upstate properties. I’ve been spending time learning and studying how to analyze properties and feeling pretty good about it. My question is, should I consider getting another mortgage, a heloc on my primary, or pool in money from others? My goal is cash flow, as I am looking at the long term. I really would like to connect with someone and talk this through. Thank you for taking time to read.