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Updated over 2 years ago on . Most recent reply

User Stats

338
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76
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Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
76
Votes |
338
Posts

HELOC or other option

Nathan Frost
  • Rental Property Investor
  • Wichita Falls, TX
Posted

Hi all, I am trying to figure out the best way to add 2 more rental properties to my portfolio from the equity in my primary or other options.  I currently have 11 rental properties.  I don't really want to do a cash out refinance because going from 3.125% to 7% interest rate just doesn't seem right.  The bank told me they don't do HELOCs.

What are other investors doing currently to add more properties to their portfolio?  I have about 90k in equity in my primary.

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