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Sunbelt Surge: 15 Cities Dominating the Growth Charts
Simply investing in any metro Sunbelt market is not a recipe for success. To catch a cresting wave of appreciation and cash flow, you’ll need to dive deep into the metrics […]
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Taxes and regulations impact your bottom line as an investor—and not always in direct or obvious ways. Unfortunately, as soon as you start talking about either one, the average person closes their […]
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Nick Wilson's profile image
Nick Wilson's profile image
Nick Wilson
Pro Member
  • from Sacramento, CA
  • Member since Mar 23, 2019
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Nick Wilson's profile image
Nick Wilson's profile image
Nick Wilson
Pro Member
  • from Sacramento, CA
  • Member since Mar 23, 2019
Connect
Nick Wilson
Pro Member
  • Sacramento, CA
21
Votes |
27
Posts
Starting Out

Financing My First Rental

Nick Wilson
Pro Member
  • Sacramento, CA
Posted Mar 25 2019, 16:08

Hello! I'm completely new to investing, and am looking for advise. I'm looking at buying my first rental - a SFH in the Midwest. Currently I'm looking in Indianapolis and Detriot. I currently live in Sacramento, CA. I have about $200k equity in my home. My current plan is to take out a HELOC, and use part of that to pay for my first rental, then once it's renting out to re-finance that loan with a regular mortgage.

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