All Forum Posts by: Ben Israel

That would be a very risky move, you would have a very high debt to equity ratio. So I would be very careful if you decided to to that. If you decided too, refi the duplex. Get around 20k or whatever you need out and use that as a down payment for a mortgage to purchase the 3unit 

@Robb Werner I am very curious of a similar thing. Wondering what the best place to save my money while waiting for the right deal. Would love if you could share anything that ends up working well for you! Best of luck

@Rijm D. I believe you can find better deals that won't force you to draw all your money right away. I got my first HELOC and only pay interest for on every dollar that I withdrawal

Hello all, I’m looking for a new place to live in 6 moths or so and I’m not sure if I should buy a condo/small home or rent an apartment and save the money that would have been used for a down payment for other real estate ventures?

@Chai Xiong thanks for your input!

@Mandy Ellett definitely a valid point that it would be greatly determined by the market!

@Lucas Carl totally agreed that it would only work in certain markets! Thank you!

@Jaron Walling thank you for the insight om your expirience. Burlington is a beautiful place to visit

@Brad Braun thank me for taking the time to explain the pros and cons of the business. It definitely would be a new realm for me

@Rhonda Blue thank you Rhonda! If I am lucky enough to close on a property soon I’ll be sure to reach out! Glad it worked out for you so well