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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
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HomeForumsOff TopicHeloc vs refinance question
Joe M.'s profile image
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Joe M.
  • Member since Aug 4, 2020
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Joe M.'s profile image
Joe M.'s profile image
Joe M.
  • Member since Aug 4, 2020
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Joe M.
5
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17
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Off Topic

Heloc vs refinance question

Joe M.
Posted Jan 12 2021, 07:32

Hey!

I own a single family free and clear. I would like to take out a heloc on it. It is non owner occupied. The rate I’m looking at is 4.75%. First 10 paying interest, next 20 principal...

Is it possible to refinance and take cash out on the property instead even though I own it free and clear? If so, which option is better?

Thanks!

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