Financing for next property (while not compromising next primary)
I currently own and live in a 3 family, and am interested in acquiring another 2-3 family this year as investment. My family is also passively on the market looking for a SFH for us to live in, or land to build our home on.
FYI I just applied for a HELOC on my 3 family, which I suspect will be ~ $100k line once the appraisal happens (owe $200k @ 2.78 w/14 yrs remaining, suspect $450k value). We have ~ $200k 'cash' that we plan to use as a down payment for our next primary SFH/build. Income is prob ~ $150k/yr not counting any margin we'd have if our OO 3fam was fully rented.
How does one navigate this sequence of purchases without compromising our ability to borrow? What I don't want to do is eagerly purchase an investment property then later learn we can't get a loan for our SFH as a result.