Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

2
Posts
0
Votes
Bryce Shinagawa
0
Votes |
2
Posts

First time investor in Hawaii needs advise

Bryce Shinagawa
Posted

Aloha,

I live on the island of Oahu and am interested in buying a long term rental property. My wife and I own the house we live in and is paid off. Would it be a bad idea to use a HELOC to put a 20% down payment on our first rental home?

Most Popular Reply

User Stats

196
Posts
190
Votes
Andrew Rosenberg
  • Honolulu, HI
190
Votes |
196
Posts
Andrew Rosenberg
  • Honolulu, HI
Replied

It's a good idea.  Shop around to get better interest rate/terms.  Ideally credit union over big bank.  Good luck!

Loading replies...