New to Rental Investment - HELOC for Downpayment

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  • Brandon Croucier
    Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    2y

    Hi Jayson, In some cases it can be a great decision.

    Take a look at the cost of capital the HELOC or refinance is going to give you compared to what you are looking at now.

    Also look at the income generated/write offs/appreciation that a rental property is going to give you.

    If it is going to yield you positive results, I say go for it!

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  • Joseph BeilkeBusiness Member
    Real Estate Agent · Palm Coast, FL · Member since 2018 · 364 posts · 244 votes
    2y

    @Jayson Tuliao

    They only way to properly answer this question is run the numbers. Run different scenarios, use the information you have and then make it worse case. Which ever scenario keeps the most money in your pocket and the best ROI is the route to take. If none work, then you might need to explore other means of funding. Rates are hight right now and if your primary residents has a great rate the HELOC normally is the smarter play as long as your have repayment plan that allows you to risen and repeat. Good luck!

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