HELOC Question Starting out

[Jeremy Medina]

I plan on turning my primary home into my first rental property. Should I take out a HELOC in my primary residence before switching it to a rental? Is a HELOC only allowed from your primary? Thank you!!

[John M.]

You can get a heloc on rentals.  The rate is a little higher.  TD bank can offer these.  You might be able to get away with getting a primary heloc in the meantime since you are living there.