I apologize up front for being so wordy, but it's the only way I could get all my questions/concerns out...I currently own 2 investment properties and I'm looking to add to my portfolio using the equity in my primary residence.I was able to get a Heloc for 3.18% variable rate with a 10 year draw period and up to a 30 year payoff period.With the funds I have available, a couple of my options are:1. buying a duplex for "cash" that would use up about half my Heloc ,and then doing a cash out refi on the new duplex to use as a down payment towards the purchase of another duplex.2. use all of my Heloc as a down payment to purchase a much larger multifamily.If I do option 1, I know I could cash flow and pay off the Heloc in 15 years or less.

Since I'm new to this part of the RE market, I have some questions I hope you all could help with (I apologize if they are eye-rolling basic!)

@Aaron K. my apologies if you got that impression no hard feelings.

I apologize.  

This one is one SF for $70k and it’s me not LLC Hi Mo, I apologize, as I have not read all the posts, but if it's in your name, you should find a local bank(local to the property), that will probably give you a much better rate than 5.75%

Apologies, I neglected to mention I’m a long distance investor in Miami investing in St.

Apologies!

Which leads me to this point in my adventure..I hope this is not a mentor solicitation, and if it is I apologize and i'll take it down, but is there anyone in the south bay area IE: Torrance, Redondo Beach, Lomita, Harbor City that are Investors, Wholesalers, RE Agents that maybe be able to help me find out these numbers?

My apologies for the long list, but any good advice that could be shared with me would help.

It seems senior housing advertising hasn't caught up with the impending senior housing boom.