Hello from Western Massachusetts
Hello,
I'm from Northfield, Ma and have been lurking the forums for a little while now so figured I'd make an introduction to see whos near me in Franklin County. I've been reading and learning as much as possible about investing and have been saving for a down payment on my first investment. Id like to find Investor friendly agents local to me if possible. I am about 45 minutes west of Springfield. I've been running calculations on multifamilys around the Greenfield area and just recently have been finding a few cash flow property's so I'm thinking its time to go talk to a few local banks about preapprovals.
I have quite a bit of equity built up in my primary so I've been trying to read up on pro's/con's of using a HELOC for the down payment as long as the property cash flows including the HELCO payment. Has anyone used this strategy?
Hope to hear from anyone local.