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All Forum Posts by: Sandra C.

Sandra C. has started 1 posts and replied 3 times.

General Real Estate Investing

Post: Investing in a HomePath foreclosure

Sandra C.Posted
  • Philadelphia, PA
  • Posts 3
  • Votes 0

@John Matthews

Thank you for your advice John. It's invaluable. Have a wonderful weekend and good luck on your RE ventures.

0 Votes
General Real Estate Investing

Post: Investing in a HomePath foreclosure

Sandra C.Posted
  • Philadelphia, PA
  • Posts 3
  • Votes 0

Hi John, thank you for your response! Just another piece of information. I was told by my credit union that you can only get a HELOC on your primary residence (I live in). And I already have an HELOC on the primary. So, I wanted to use the inherited property which I am renting out to purchase another investment property. Do you have any other thoughts on how to fund a purchase?

0 Votes
General Real Estate Investing

Post: Investing in a HomePath foreclosure

Sandra C.Posted
  • Philadelphia, PA
  • Posts 3
  • Votes 0

Hello, I'm new to this site but have been reading the posts for sometime now. I'm ready to invest  and flip a property that recently hit the market as a Homepath Firstlook foreclosure in Philadelphia, PA. And on 3/15 it will be open to investors to bid on it. So, I have a question about how to raise the funds. I'd like to make a cash offer close to the asking price of $165k. Is it possible to get an equity or collateral loan on a property that was willed to me and is free and clear of any debt to purchase the house.

0 Votes