What Is The Best Method For Handling Financing?
I am not sure if I posted to the correct area, but here it is.
I am currently searching for properties to purchase, so my question is this....
I have around 20-30k cash to invest and about 170k in a home equity line of credit. What is the best way to disperse funds so I am able to purchase multiple properties? If I use a bank for investor financing then I am looking at 10-20% down, which would eat up all of my cash at once. If I use the h.e. loan, then I am adding additional carry cost. I know there are different methods to approach this, but as a new investor which method would benefit my circumstance the best? I guess I need help laying out a funding strategy.
Any help would be welcomed.[ Edited by ttime on Date 05/03/2005 ]
See if this article helps any - http://www.thecreativeinvestor.com/commercial/modules.php?name=Articles&file=article&articleid=862
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