Updated over 2 years ago on . Most recent reply
Best way to use my capital
Good Day fellow Bigger Pockets members! I am new to real estate investing and am planning to buy my moms house and my first STR within the next 3 months. I am unsure how to use my capital to buy. I only see two options:1. use almost all my capital to purchase my moms house which once bought I will own a home and have all of its equity which is more than 50% of what I'm buying it for. 2. Use only a portion of my capital and finance her house. Then use the other capital I have and the remaining equity to continue with my STR purchase which I will have to finance no matter what. Any advise would help! Thank you!