Best option to access equity

[Robert Medina]

Hello, so I have my primary residence which has about 145,000 in equity in it and I am wanting to purchase an investment property and I’m not sure if I should get a heloc or a certain type of refinance. Cash out refinance, etc I currently have a 7.125 percent interest rate. I have only had the house for just over a year. What would be the smartest way to tap into equity. I could potentially do a house hack and rent out my current primary or I could do the 20 percent down for investment property. Any opinions would be greatly appreciated. Thanks

[Jaycee Greene]

Quote from @Robert Medina:

Hello, so I have my primary residence which has about 145,000 in equity in it and I am wanting to purchase an investment property and I’m not sure if I should get a heloc or a certain type of refinance. Cash out refinance, etc I currently have a 7.125 percent interest rate. I have only had the house for just over a year. What would be the smartest way to tap into equity. I could potentially do a house hack and rent out my current primary or I could do the 20 percent down for investment property. Any opinions would be greatly appreciated. Thanks

Hey @Robert Medina! If you don't do a house hack, how much of a down payment ($ wise) could you afford?  Also, would you be looking to acquire a SF or a 2-4 MF? And in what city are you looking to buy a property?