All Forum Posts by: Varouj Asdourian

Hi. I'm thinking of opening a HELOC on my rental property to use and purchase another rental. Does anyone have suggestions or comments about this? Thanks

I have a question I would appreciate an opinion on. My wife and I want to buy a second investment property. For the down payment, we have an open HELOC on our home. My question is should we use this or open an equity line against our first investment property and use that? We have about $100K in equity on that property. Thanks.

Hi.  I am curious.  Are there any lenders that will lend on a multi-family property with less than 25% down and non-owner occupied? I heard that some lenders do offer this option.  Thank you.

Thank you!

Hi Everyone

I am looking at a 5 unit building in an excellent market with very good rents.  I have two other properties that I financed via a standard loan but I believe for something like this it would be a commercial loan, correct? Also, are the down payment requirements the same at 25% or do some lenders allow for a lower down payment? Any help or advise is appreciated.

As usual the geniuses in Sacramento just pass things based on how they sound and feel and not any logical things like actual statistics or studies.

My wife and I bought a triplex in Bakersfield last year and it's been a great investment so far.  Rents in the area are on the rise and the economic outlook overall is pretty healthy as well (except for the COVID-19 bump in the road).  Ours is basically on autopilot, paying for itself with a nice residual left over too.

Hi. I want to refinance by house and consolidate my first with a HELOC loan that I have and also pull out some cash too. I wanted people's opinion if I should go with a 15 year option or a 30 year option? I will be retiring in about 15 years. My home is worth about $1M . My first and HELOC combined are $510000 and I wanted to pull out $100K to invest in another investment property. My wife and I currently own our home and a triplex we rent out. Your opinions would be appreciated. Thanks.

Thank you for the input.  What are some of the better neighborhoods to be looking at? Do you have a recommendation?

Hello.  My wife and I are thinking about investing in either a duplex or some other form of multi-unit.  I was doing some research and just wanted to get some input from other members who may have invested in either of these markets (Bakersfield, CA or Lancaster, CA) and have opinion on which one would be a more solid pick for the long haul.  Any input would be appreciated.