HELOC Buy and Hold REI

[Mike Applegate]

I have about $100k equity in my primary home and we are thinking about setting up a HELOC to purchase a rental property instead of Hard or Private money loans. Looking for opinions?

[Albert Bui]

Originally posted by @Mike Applegate:

I have about $100k equity in my primary home and we are thinking about setting up a HELOC to purchase a rental property instead of Hard or Private money loans. Looking for opinions?

 Well you better get the heloc while you still have the equity and use it carefully otherwise in the downturn when they want their money back they’ll freeze or reduce your line.