Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

58
Posts
14
Votes
Kevin Cespedes
  • Rental Property Investor
  • Passaic, NJ
14
Votes |
58
Posts

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. 

  • Kevin Cespedes
  • Most Popular Reply

    User Stats

    779
    Posts
    394
    Votes
    Vaughn Smith
    • Real Estate Consultant
    • New Jersey
    394
    Votes |
    779
    Posts
    Vaughn Smith
    • Real Estate Consultant
    • New Jersey
    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

    Loading replies...