How to start with what I got.
Hello BP,
My wife and I want to start to add more real estate to the portfolio. I want to add rentals and apartments for the residual income. I own a house that's on a fantastic cul de sac in arguably one of the best suburbs near Seattle- sammamish and I have good equity in house but debt from starting up my medical business. Heloc used to finance that business, so will need to be creative. I'd be willing to discuss partnerships.
My goal here is I would like to use this house for the $$$ and get a bigger home, but Id like to rent it and it have to sell. Is there financing to get me in a house I want, while allows me to rent this? I know of bridge loans, not sure what lenders do that?
Loved to hear what folks would do and suggest.
Thanks
Bill