Updated almost 2 years ago on . Most recent reply
Using your primary home equity
I will be refinancing my home and using equity to purchase a STR. Doing so, will allow my to pay for the STR property in all-cash and offers a lower interest rate (as compared to a separate loan) however the lien will be against my primary home. Is this prudent/risky?
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Collin Hays
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Property Manager
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#2 Short-Term & Vacation Rental Discussions Contributor
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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
Property Manager
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Property Manager
- Gatlinburg, TN
I've tapped my home's equity several times to start different ventures. Had that not been possible, I would still be working in corporate America.
- Collin Hays
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