All Forum Posts by: Eric Gerakos

Yes, some lenders allow you to use a HELOC for the down payment to purchase a rental property. I just helped an investor in CT purchase a 3 family with a DSCR loan this way. You do need to ask yourself, are you willing to risk your primary residence to purchase a rental? I personally view this as risky, but people do it all the time. If the rental income is disrupted for one reason or another, do you have enough personal income to cover the cost of the note(s)?

 why not? 

 Hi Everyone,

I've been reading through the market recommendations, and it's interesting to see Columbus, OH consistently mentioned. It definitely sounds like a market worth exploring further.

I'm always keen to connect with experienced agents and investors who are passionate about real estate. As a bird dog, I'm constantly researching markets and identifying potential off-market opportunities. I'm especially interested in learning more about the nuances of specific markets, and the strategies that work best for different investment goals.

If you're interested in sharing insights, discussing market trends, or exploring potential collaboration (I am a birddog), feel free to send me a private message. I'm always open to connecting with like-minded individuals.

Thanks for sharing your valuable perspectives!

Best regards,

Shaun