Updated 3 months ago on . Most recent reply
Just took out a HELOC, now what?
Hello,
My wife and I own a single family home and have a great interest rate on our mortgage. We were also able to pay down all of our debt other than our mortgage, so we're ready to start investing! We thought it would be a good idea to take out a HELOC to put a down payment on a multi-family. I've heard a lot about using the BRRRR method or doing Air BNB with single family properties. Guess I'm just looking for some insight from people who have started out the way we plan to and have ended up doing well. Any insight is much appreciated!
Greg