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Updated over 4 years ago on . Most recent reply

User Stats

17
Posts
1
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David Cam
  • New to Real Estate
  • Niagara
1
Votes |
17
Posts

Accessing Equity in Personal Home

David Cam
  • New to Real Estate
  • Niagara
Posted

Hello everybody, I recently bought my first investment property and already have it rented out which was fairly seamless. I now would like to repeat the process and purchase another investment property. I used a chunk of my savings for the down payment on the first property, putting 20% down. I also have aprox $400,000 worth of equity in my personal home. Some say this is just dead money, do most of you recommend using your personal home's equity to refi or access a HELOC to purchase more investment property? Or would this be considered risky, being that its our family home?

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