Updated over 1 year ago on . Most recent reply
Looking at creative financing options to buy a SFH rental property
Hello all,
I am a newbie to this site, and wanted some guidance as I navigate potentially buying a 1-1.25 million rental SFH property. Here's my situation:
1. Paid off primary SF home in the bay area
2. 1 rental condo in the bay area <paid off>
As I look at buying the next property, the high interest rates on conventional rental property loans or a HELOC make it tough to justify buying. Any advice here on how/if this makes sense in the current env. I can make a significant down payment <50% +>, but am unsure if that is the best use of those funds, and whether they are providing max leverage.
I'd really appreciate if the seasoned folks here can guide me. Thanks a lot for your time!