General Real Estate Investing

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Erik Cardero
  • Miami, FL
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Second mortgage to buy investment

Erik Cardero
  • Miami, FL
Posted Jul 21 2022, 11:26

Hi there,
Looking for some advice, I recently decided to get a condo in Orlando for investment and vacation , so and Airbnb type. I have 25k saved so not a lot, I applied for a heloc but due to credit limitations I qualified for a second mortgage, still in the process to get around $60k . I’m a bit hesitant, any ideas I’m favor or against it? 

Appreciate any insights from someone with experience doing so. 

Thanks

Orlando, Florida

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