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Kevin Cespedes
  • Rental Property Investor
  • Passaic, NJ
14
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59
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HELOC for next investment property

Kevin Cespedes
  • Rental Property Investor
  • Passaic, NJ
Posted

Sup guys have a question so im thinking about taking a heloc out and using it for my next investment property normally i would like to do a cash out refi but since the rates are so high and i have a really good rate i rather go with the heloc, would love to hear feed back about this strategy. 

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786
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Vaughn Smith
  • Property Manager
  • NJ
396
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786
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Vaughn Smith
  • Property Manager
  • NJ
Replied

@Kevin Cespedes You may want to reach out to your lender (or a couple different lenders) directly to speak about your specific situation that would be your best answer, in addition make sure the numbers on the deal you're buying are stellar if you're goin to pull out the equity from another property for the purchase

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