How to buy my second residential property.

[Sarkis G.]

Hi everyone. I had just bought my first residential property and am about to be done fixing it up. I have found a duplex unit that has been of interest to me for quite sometime but was unavailable until recently. Can you please provide me with some options that I can potentially pursue to purchase this property? I was considering getting a home equity line of credit. There are a lot of things I don’t know so any tips would be very helpful.

My dad had expressed some interest and wants to help me but his properties are currently under a mortgage. There is one property that is paid off but it’s under my moms name. Would she be able to get a home equity line of credit if she doesn’t have any income? The way we want to generate income is by using this cash to buy residential property. Thank you in advance.