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Updated over 8 years ago on . Most recent reply

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Nico Heredia
  • Engineer
  • Encinitas, CA
0
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HELOC for Multi Family 3-5 year Off Market Value Add

Nico Heredia
  • Engineer
  • Encinitas, CA
Posted

Hello Bigger Pockets! My name is Nico and I have recently started learning/listening/studying real estate investment through Bigger Pockets and the real world. I currently work for a large developer multi family mixed use property's. 

However, I'm looking to begin in the real estate investing game on the side. 

Currently I have a house in San Diego that I am looking to receive a HELOC with.

The HELOC will be used for a commercial property value add with a 3 year hold.

I would greatly appreciate some advice as to where I should begin my search for a HELOC in San Diego. What rates would be expected? Would you guys recommend a HELOC for a 3 year hold? Or should I be looking into a home equity loan?

Thanks in advance! 

Nico 

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