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Updated over 2 years ago on . Most recent reply

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12
Posts
2
Votes
Erik Cardero
  • Miami, FL
2
Votes |
12
Posts

Second mortgage to buy investment

Erik Cardero
  • Miami, FL
Posted

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

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