Using home equity to finance rental property

4 Replies

We have a significant amount of equity in our home (primary residence)--$1m--and are thinking of using it to finance a rental/investment property (in the $500k range) to use as a retirement/vacation home in the future. Thoughts?

The one-stop-shop for REI
Find Local Home Improvement Pros!
Check out our network of trusted, local contractors for all of your home improvement projects.
Find a Contractor