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Updated almost 8 years ago on . Most recent reply

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2
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Kyle Umlauf
  • Spokane Valley, WA
1
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HELOC as a down payment?

Kyle Umlauf
  • Spokane Valley, WA
Posted
Hi BP members. I've been reading through lots of threads, getting myself familiar with real estate and have a question for you. Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA. Like a lot of young investors, capital is a big problem. I have the ability to access a good amount of cash for a down payment on a property through a HELOC if I choose. Have any of you done this, and how does it affect your numbers on what to look for in a deal for an investment property?

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