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Updated almost 6 years ago on . Most recent reply

Orkeem Davis's profile image
Orkeem Davis's profile image
Orkeem Davis
  • Real Estate Agent
  • from Englewood, NJ
  • Member since Jul 29, 2017

User Stats

93
Posts
31
Votes
Orkeem Davis's profile image
Orkeem Davis's profile image
Orkeem Davis
  • Real Estate Agent
  • from Englewood, NJ
  • Member since Jul 29, 2017
Orkeem Davis
  • Real Estate Agent
  • Englewood, NJ
31
Votes |
93
Posts
Multi-Family and Apartment Investing

Trying to buy a 4Plex and feedback is appreciated

Orkeem Davis
  • Real Estate Agent
  • Englewood, NJ
Posted

I have 2 investment properties - Duplex (112k HELOC) and Condo (138k HELOC). I'm looking to possibly sell the condo to payoff the HELOC and use those funds to payoff the Duplex HELOC. It will appraise for approx. 200k. Once the HELOC is paid off, I will get a new HELOC for 160k. This downpayment should allow me to purchase a 4Plex. Any suggestions?

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