Using Home Equity to Purchase Second Rental Property?

1 Reply

@Jeff Phillips comes down to risk.

If you take a HELOC and something we’re to happen and you could not pay then you lose your primary residence

If you get a regular loan and you cannot pay your not paying on that 2nd home and they take that but not your primary residence

Check with an accountant as well as I believe with the new tax law you cannot deduct a heloc if it is not used to improve your primary residence