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All Forum Posts by: Jeremy Smith

Jeremy Smith has started 1 posts and replied 2 times.

Real Estate News & Current Events

Post: First Investment - Non-primary res.

Jeremy SmithPosted
  • Posts 2
  • Votes 1

Thanks Brooke and Carlos.  

Are there any best practices/better approach to using my current mortgage as leverage? I currently have about $15k cash and about $25k in equity in our current house. Would a HELOC or some sort of refinancing make sense on a first investment that is not a primary res?

0 Votes
Real Estate News & Current Events

Post: First Investment - Non-primary res.

Jeremy SmithPosted
  • Posts 2
  • Votes 1

I am wondering if there is a better approach to my first investment property that will not be a primary residence? My wife and I along with our two children are pretty rooted in our current community and love it there, but are very interested in REI. The most successful stories I am hearing about starting out involve house hack or financial benefits from primary residence factor. Is there a better approach for initial REI without the property being the primary residence?

1 Vote