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All Forum Posts by: Jahyr Quispe

Jahyr Quispe has started 1 posts and replied 2 times.

It depends on the amount of equity you have in your current property and your actual income. Getting a loan for an investment property could become a nightmare if the new property takes more time than expected and you don't generate enough cash to cover the monthly payments.

A HELOC would be my first option. It allows you to access cash quickly and avoid paying interest on unused equity. Additionally, you'll only pay closing costs once. I also recommend holding enough equity to cover a 6- to 12-month period in case things don't go as planned.

Post: off the market deals

Jahyr QuispePosted
  • Posts 2
  • Votes 0

Hi guys, 

I am quite new on investing, but I have had work on rehabs before. Any ideas where to look for off the market properties?. My budget is around 200k