Updated over 7 years ago on . Most recent reply
Aloha from Hawaii, New Member
Aloha all,
New member from Oahu, Hawaii. Trying to further my real estate investing.
Right now I have 2 rental properties on Oahu and 1 primary residence. The rentals just about break even, which for Oahu isn't that bad. Between all 3 properties I have about 500K in equity. I don't have any cash to invest with though so thats my major hickup. So a lot of equity and no cash....
Trying to decide where/how to invest next.
I enjoy reading all the post on the sight so far.
Mahalo,
Most Popular Reply
@James Chun II Another option is to get a HELOC. Many of the local banks and credit unions offer intro rates. This would allow you to tap that equity without doing an appraisal, as long as it's under $250K. I recently did this with my primary residence and put the whole balance on the HELOC. Now I have more liquidity and can pay down the principal balance much faster than with the traditional amortized loan. Let me know if you have any questions!