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Private Lending & Conventional Mortgage Advice

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Michael Williams
  • Rental Property Investor
  • Sacramento, CA
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202
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Private Lender or Pull Money out of my current property? (Heloc)

Michael Williams
  • Rental Property Investor
  • Sacramento, CA
Posted Jul 27 2021, 13:22

Should I use a private money lender or pull money out of my current investment property to use as a down payment to purchase my first commercial multi family (5-10) unit property in Sacramento, Ca? I've just spoken with a lender today and he told me to look into a heloc and pull money out of my currenty investment property, I can easily pull $200,000-$300,000 out of the house. Or should I use a private lender? 

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