- Joined
- Jun 11, 2018
- Messages
- 3
Hi all,
I'm looking for some advice.. and really some mentorship in this path I've started to take recently. I have inherited a home in Vancouver (valued roughly at 1.4 million) which is mortgage free. I'm currently having it rented out and looking to take a HELOC out to purchase my next property - I'm looking at townhomes in Vancouver to start my family. I'm hoping to get some solid advice on what to do next.. how much equity to take out of the existing property to put into the next purchase, HELOC interest rates (variable/fixed? what is considered a good rate) and really how to grow my real estate portfolio into the future using this as leverage.
I've considered joining REIN and I'm hoping to network and sponge as much advice as I can from all of you who have had success in RE investing. Look forward to speaking with some of you regarding my situation. Appreciate your help and comments.
I'm looking for some advice.. and really some mentorship in this path I've started to take recently. I have inherited a home in Vancouver (valued roughly at 1.4 million) which is mortgage free. I'm currently having it rented out and looking to take a HELOC out to purchase my next property - I'm looking at townhomes in Vancouver to start my family. I'm hoping to get some solid advice on what to do next.. how much equity to take out of the existing property to put into the next purchase, HELOC interest rates (variable/fixed? what is considered a good rate) and really how to grow my real estate portfolio into the future using this as leverage.
I've considered joining REIN and I'm hoping to network and sponge as much advice as I can from all of you who have had success in RE investing. Look forward to speaking with some of you regarding my situation. Appreciate your help and comments.