Heloc Concerns related to our economy
Hey I just got approved for my Heloc and am ready to invest in my first official rental property. (I already have one but it was gifted to me)
I'm kind of nervous to draw from it given our current economic times. Basically I'm worried about the bank where I got the Heloc from. I know no one has a crystal ball and can see into the future but i am just curious. Should I just go about my investing plans? Should I be a bit concerned? Anyone else out there feeling the same way as I am? I understand my bank is different from yours and there isn't a clear cut explanation an what may or may not happen. I guess I am just looking to hear from others on how they feel about this and what they are doing.