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Starting Out
HomeForumsStarting OutHome equity loan for rental property
Brock Best's profile image
Brock Best's profile image
Brock Best
  • Rental Property Investor
  • from Nebraska
  • Member since Jan 18, 2019
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Brock Best's profile image
Brock Best's profile image
Brock Best
  • Rental Property Investor
  • from Nebraska
  • Member since Jan 18, 2019
Connect
Brock Best
  • Rental Property Investor
  • Nebraska
2
Votes |
15
Posts
Starting Out

Home equity loan for rental property

Brock Best
  • Rental Property Investor
  • Nebraska
Posted Apr 25 2019, 14:01

I have about $26,000 of equity in my current home I’m living in.  Can I take out a home equity loan to purchase my first rental property to use to cover the down payment, closing costs, etc. without having to actually use any of my personal money? What are typical home equity loan interest rates and loan conditions? 

Thanks 

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