Updated over 4 years ago on . Most recent reply
Heloc or cash out refinance?
I’m new to the investing world and am currently doing a house hack where my roommates pay most of the rent. I am in the process of refinancing so that my payment will be lower and roommates cover rent completely. I’d like to buy rental properties but I don’t know what the best option is for acquiring capital. Is it better to do a cash out refi or refinance and then get a heloc? Is this allowed? Can I do both? I’m very new to all of this so any insight is greatly appreciated.