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Updated over 7 years ago on . Most recent reply

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Peter McLeod
  • Morongo valley, CA
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Acquiring a 3rd home

Peter McLeod
  • Morongo valley, CA
Posted

Hey everyone, I bought my first home USDA 0% down. Owe about $111k on it and roughly worth $155k. I then bought a second home with 5% down conventional for 78k. After remodel worth about 95k. The second will be rented and making $300 a month on top of the mortgage. What is the best option for me with small capital but steady income to acquire a 3rd home? HELOC on my primary residence and use the funds to put down on a new house? Any recommendations are appreciated I want to take some risk young and while rates are so low. Any advice on the next acquisition? Thanks in advance.

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