All Forum Posts by: Luis Arellano

I'm in the process of buying my first duplex, and the downpayment will be around 100k and I do have the cash.

However, I don't want to lose liquidity because I plan on keep buying real estate. I've been considering opening a line of credit and use that for a portion of the downpayment. Is this a smart move? What other financing options should I consider?

Hey folks,

I'm a newbie looking to invest in multifamily units around the Twin Cities. I requested a quote from my local credit union, and they said that for an investment property I'd get 3.5% - 15 year and that they do not offer 30years for investment properties. This is no bueno as I'm looking for 30 years. Is this common for Minnesota?

Also, are there any kind of restrictions when it comes to buying rental properties? for example, In my state they ask for 25% down for multifamily. 

Thanks!