Hello,I own 1/2 of a commercial property in Phila. and need cash for down money on a multi-family purchase 75-100K. I get $4500 a month rent, any ideas? Property is worth approx 1.3-1.5 Mil.
Thanks

My plan is to use my HELOC to secure the down payment, then refinance the HELOC (6.25%) and prime into one for a new balance of 350K at 4.25% ish.

Should I consider a HELOC or just scratch the idea of utilizing our equity all together at this point? 

What I did not get a definitive answer on is if there is a 'time frame' after I do a Fannie that I can do a second on or a HELOC on?

Next year at renewal I will probably only raise the rent $50.I now have a HELOC open for $100,000 and I have about $40,000 in cash so I'm ready for the next deal.

I intend to take out a HELOC against the property I just purchased and use that capital to make additional leveraged purchases. 

I've also been advised by an investor I consider a possible mentor to look into a HELOC to start making moves with.My question is this: I feel like we're looking at being at the height of the market (Yeah, I know nobody has a crystal ball - but pricing in my area really just seems higher than it should be at).

We used a HELOC on our home for the down payment and took out a commercial loan to finance the home and the repairs.

I'm wondering if it might be a good strategy to start rather large, attempting to find a building with a clear path to increasing NOI then at closing HELOC that building as a piggy bank for future projects which can be Daisy chained with refi similar like you would with brrrr that keeps refunding initial short term HELOC.Advice?

Martin, I put a lot of cash into the deal (cash + HELOC).