Updated over 7 years ago on . Most recent reply
HELOC to start house hack
Hello all!
So me and my wife own a home and we were thinking about renting it out and house hacking a multi family property here in Southern California. Our goal is to create income through multi family rentals. We wanted to know if anyone has done that recently and what is some advice that you can give for us first timers? Also, what's the best way to pull out cash... doing a HELOC or a cash out refi to get started? We owe about 225k on our current home and it's worth about 375k so we can pull out some cash to house hack. thanks I'm advance!