Newbie from New Jersey

[Tim C.]

Hey everyone i just wanted to introduce myself and say thanks too all the amazing people in this community. I haven't made a post yet but i have been all over the site for a while now and am always blown away by the wealth of knowledge and the willingness to help each other with any problems or questions one might have. 

So I have not pulled the trigger yet on my first property but I am getting closer and closer and I have one question about where to post a question to get the best response. My question is about using equity in a personal residence, opinions on the best strategy to take with that (refi or hel), and how to properly protect any personal assets while starting out. Any direction on where to take these questions would be greatly appreciated!

[Account Closed]

HELOC is best, they usually pay for your closing cost, interest rate is low and much faster approval rate but utilize a credit union rather than a public bank in my opinion.

Welcome to BP and best of luck.