Hello everybody, my name is Danny I am a new investor in the making. I have question. The home my wife and I live in was gifted to us. We have been living there for 8 years. Being that our house was gifted, am I allowed to take a Heloc out from it and buy or use as down payment for investment properties?
Absolutely, that is a great idea! The bank shouldn't care that it was gifted to you.
Awesome! Thanks for the reply!