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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceDo you refinance or do a HELOC on your rentals?
Jesse Chambers's profile image
Jesse Chambers's profile image
Jesse Chambers
  • Rental Property Investor
  • from Rockledge, FL
  • Member since Jan 8, 2019
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Jesse Chambers's profile image
Jesse Chambers's profile image
Jesse Chambers
  • Rental Property Investor
  • from Rockledge, FL
  • Member since Jan 8, 2019
Connect
Jesse Chambers
  • Rental Property Investor
  • Rockledge, FL
5
Votes |
19
Posts
Private Lending & Conventional Mortgage Advice

Do you refinance or do a HELOC on your rentals?

Jesse Chambers
  • Rental Property Investor
  • Rockledge, FL
Posted Jan 9 2019, 10:35

I have a rental I’ve owned since 2011, it’s appreciated significantly and I currently never plan to sell it, but I’d like to capitalize on the equity in the home without selling it, so I could possibly possible use those funds to purchase another rental. How do you go about that, or is that a bad idea?

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