New Investor looking for advice on what loans to use.

[Brian McGuire]

Good Morning, I'm a new investor and I'm going through the process of obtaining a HELOC. I would like to know what loans are best for me to use when investing in Multi Family units so I won't use up all of the available money from the HELOC. My goal is to invest in 4 Multi Family units in different states on the east coast.

[Austin Steed]

@Brian McGuire

I started with all VA loans and conventional loans. When rates were low this made the most since but now we're focusing on commercial products for most deals, especially cash out Refis. Fannie Freddy really upped the points on a cash out so it makes it more challenging to do a refi in the future.

I’ve bought my 9 duplexes in Columbus OH.

For you I would say get a deal in contract then shop the rates and see what’s best out there. Just keep an eye on those points!