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Updated over 2 years ago on . Most recent reply

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Hannah Trent
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Getting started in Rental Property investments!

Hannah Trent
Posted

Hi! I'm Hannah and am new to BiggerPockets, I am just dipping my toes into the idea of getting into renatl properties. Recently I have found myself in a predicament of either selling my current home and using the profits to invest in rental properties that way or throwing around the idea of renting it out. I got my home in 2020 so my interest-rate on my mortgage is extremely low at 2.9% so I'm not completely sold on the idea of selling. Looking for advice and opinions, always open to new ideas. 

Looking forward to connecting! 

-Thank you! 

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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
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1,278
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Sam McCormack
  • Real Estate Agent
  • Cincinnati, OH
Replied

Hi Hannah, it may be your best interest to take out a HELOC and use that money to invest. Not sure of how much equity you have in your primary residence, but it would be a good place to start!

  • Sam McCormack

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