All Forum Posts by: Josip Galic

Happy new year to you as well. One of my friends suggested a HELOC from her credit union which sounds great but I read that the financial institutions give you between 80 to 90% of what your primary residence is appraised at. 80% would give me about 50000 to play with which isnt that much unless you find a great deal. Does anyone know if you can combine a HELOC with a conventional loan?

 yes, thanks

 3% sounds great, are you saying 3% because the more investors come in the lower the downpayment would be?

20%

I bought my first rental property this summer and its been rented out pretty much since it was listed on my management companies website. The income is great and I want to get another property asap. the city that Im living in, grand rapids michigan, is growing at a tremendous rate and rents are through the roof. 

I had to use most of my savings for the down payment for my rental and now Im just waiting patiently to save up money for the next purchase. at the pace Im at I dont think Ill be able to buy another property until spring of 2016, unless I hit the lottery or get a new job that pays more. 

What techniques are out there to get funding for a new property besides waiting and saving up my current rental income and income from my job??

thank you all for welcoming me to bigger pockets! I wish everybody luck!

Im new to the biggerpocket community, please allow me to say hi!

Im fairly new to the real estate investment game. I purchased my current home a few years ago and couldn't wait until I bought another property exclusively for rental/income purposes.  Earlier this year I bought that property, a single family, and its been rented out a few days after my management company put it on the market! Im here to broaden my knowledge on all things related to real estate and meet indivduals who are willing to share their knowledge with me and maybe even invest with me on future deals