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All Forum Posts by: Jonathan Salcedo

Jonathan Salcedo has started 2 posts and replied 2 times.

Post: loan options for first rental

Jonathan SalcedoPosted
  • Posts 2
  • Votes 0

Hi guys,

Trying to get some opinions what would be a better route for my first investment property.

1.  Get a Heloc loan on my primary home that I just finished paying on Zillow its showing for 160,000

2.  Get a conventional investment loan with 20% downpayment

thanks for the help

Post: Buying first property

Jonathan SalcedoPosted
  • Posts 2
  • Votes 0

Ok guys trying to find some guidance my mother is moving back to Colombia and she offered her house to me for what she owes to the bank and that is 57k the house is probably worth 70, I'm tryin to figure out what would be my next step i will buying the house cash any advice would be greatly appreciated as I am completely lost on this