Updated about 3 years ago on . Most recent reply
Using a HELOC for a Rental Property in Austin
We are considering purchasing a rental property/townhome in Austin and wanted to know if it would be a good idea to use a HELOC? We currently own a 3BD 2 BA in Austin and have a decent amount of equity in it. We are eyeing an investor friendly townhome in East Austin that does not have any rental restrictions. We would likely turn this property into a MTR.