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Vincent Q.
Pro Member
  • Rental Property Investor
6
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48
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Heloc for down payment

Vincent Q.
Pro Member
  • Rental Property Investor
Posted May 13 2019, 08:51

Hello all,

Im a new Investor, and need some advice. Please help!

I am looking to obtain a heloc on my single family investment property and use the funds for a down payment on another investment property to rent out.

Is this a practical strategy?

Heloc for down payment and closing costs. Then get a Tennant in place, then refinance and pay the heloc back.

Can you please provide and suggestions, comments, and feedback. It will greatly be appreciated.

Thank you!

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