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All Forum Posts by: Shereeka Hardaway

Shereeka Hardaway has started 1 posts and replied 1 times.

Starting Out

Post: Obtaining first Multi-Family Property

Shereeka HardawayPosted
  • Gibsonton, FL
  • Posts 1
  • Votes 0

Hello all! I am new to the investing world and I'm hoping I can be set in the right direction. I am looking into purchasing my first multi-family property. I currently have equity in my own home and wanted to obtain a HELOC from that home to purchase the multi-family. The problem is, the HELOC will not be enough to cover the cost of the property. In this case, would it be wise to get an additional loan to cover the remainder of the property or wait until I am able to save up enough money on my own?

0 Votes