Updated about 6 years ago on . Most recent reply
Using heloc to by property
Hello I'm looking for a little feedback in this area. I am applying for a heloc and thinking to use it to put down 20% on a multi-family investment property and a down payment on a single family home. The idea is to use the income from the investment property to pay for itself whilst generating some income and renting my current home to pay for a new single family home. It seems a bit overwhelming every time i think about it. Any feedback on this would very appreciated, thank you