Using equity on my house to buy the first rental property

1 Reply

1. HELOC

2. Using equity from your property necessarily requires a lien on the property, which is using the property as collateral

If you have owned your property and have good credit, an unsecured personal loan may do the trick but there is no way to use the equity without a lien on your property (again, the lien necessarily means that the house is collateral for the loan)