All Forum Posts by: Thushara Gunasinghe

Thanks, every one. I have 2 options here. I can use 150K for down payment on three units or buy one unit using total amount and refinance. If I go with option 1, I am going to have 3 different mortgage payments + HELOC payments for each unit. If I go with my second option, i am going to need another about 50K on top of full heloc amount to buy a property based on Colorado market. If I refinance under second option, I can pay my heloc back and move into the second property. Can some one explain to me if the second option is a practical one? I really do not want to get stuck after buying few properties and leaning toards the second option. Thanks for the help!

I have about 150K in my HELOC and planing on using as my down payment for multiplex. My Concern is I may not be able to pay mortgage and HELOC from cash flow which is going to be very low due to price of houses in my market. I really appreciate very experienced community can help me to understand the best way to invest for my multiplex.

Thanks

Thushara.