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Starting Out
HomeForumsStarting OutQuestion about leveraging an investment property
Jonathan Ramsuchit's profile image
Jonathan Ramsuchit's profile image
Jonathan Ramsuchit
  • Investor
  • from Jamaica, New York
  • Member since Dec 22, 2013
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Jonathan Ramsuchit's profile image
Jonathan Ramsuchit's profile image
Jonathan Ramsuchit
  • Investor
  • from Jamaica, New York
  • Member since Dec 22, 2013
Connect
Jonathan Ramsuchit
  • Investor
  • Jamaica, NY
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Starting Out

Question about leveraging an investment property

Jonathan Ramsuchit
  • Investor
  • Jamaica, NY
Posted Jan 2 2014, 11:02

Hey everyone!

New to BP and overwhelmed by the great amount of expert and advice here!

Im currently in contract for my first Investment home.

Purchase price 153,000, dp= 30,000.

After I purchase, what can I now, or how long do I have to wait to leverage and buy another one? Heloc?

Do I have to wait some time and then do a Heloc?

Can I use this house as collateral when I am looking to buy another one?

I think that is all the questions I can think of now!

Thanks In advance!

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