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Updated over 4 years ago on . Most recent reply

Bryce Shinagawa's profile image
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Bryce Shinagawa
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Starting Out

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?

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Andrew Rosenberg
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  • Member since Oct 19, 2020
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Andrew Rosenberg
  • Honolulu, HI
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It's a good idea.  Shop around to get better interest rate/terms.  Ideally credit union over big bank.  Good luck!

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