Heloc my unfinished home or finish it for full amount of equity??

[Jeremy Ballard]

So I really want to get started creating a portfolio. I’m currently building our primary home. We’ve been building as we can afford it and doing the work ourselves so it’s not done but we are living in it. Right now as it is it’s a 2 bed 1 bath and is 1200 square foot. It’s totally paid for at this point and I could open a heloc to invest. Or I could wait until I finish the home and open a heloc for a lot more money to invest. Once I’m done it will be 4 bed,2 bath, 2 car garage and it’ll be roughly 1800 square foot. What you you guys do???? Thanks a lot..

[Clay O.]

@Jeremy Ballard Any reason not to do both? Open the HELOC now and when you finish the house close the first one and open another, or see if the bank will do another appraisal and update your amount.