Updated over 6 years ago on . Most recent reply
HELOC vs Refi on first investment
Need guidance on what's the wisest strategy to finance our first investment from an investors perspective. Various loan officers are saying either "refi on your home" others are saying, no "HELOC" is the best choice.
investment property is priced: $140k / apprx $7,500 in rehab. Rents are $1400 in that neighborhood.
Our homestead equity; $160k. We are looking to buy/hold. Please advise. Thanks.