All Forum Posts by: Lawrence Eiseman

@Joe Abughazaleh I plan to subdivide the lot into 3 plats, Sell the other 2 plats, and build the 3rd plat into a residential property. If I had the money, I would build the 2 plats and sell the homes but I don't so I'm gonna sell the other 2 plats.

I own a property valued over $850K. I want to buy another piece of land (for investment purposes) for $450K. Should I take out a traditional mortgage (conventional loan) or use the equity in my existing home (Equity Loan/Heloc) to purchase this other property?

Thank you Andrew Kerr. I appreciate your input.

I own a property outright worth about 650 - 700 K. SHOULD I use the equity as leverage to invest in another property or should I just go through a traditional mortgage to buy the 2nd piece of property?