#AskBP 078: Should I Get a Home Equity Loan or a Cash-Out Refinance to Buy a New Property?

by | BiggerPockets.com

On this episode of the #AskBP Podcast, Brandon shares his advice for a listener who isn’t sure what the best loan product to pursue for his new property. Discover the major reason Brandon would choose one of those options over the other!

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About Author

Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

7 Comments

  1. Tek Chai

    Thanks Brandon of your #AskBP on this question. Are there any sites that discuss the pros and cons of the different strategies in regards to tax efficiencies, cost effective strategies 
    1. Cash Out Refinance, 
    2. Home Equity Loan and 
    3. Home Equity Line Of Credit (HELOC) 

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