Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

41
Posts
18
Votes
Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
18
Votes |
41
Posts

Acquiring Heclo with rising interest rates

Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
Posted

Hi everyone! 

I was housing hacking a duplex I purchased almost 2 years ago. I decided to rent out the whole place and move back in with the rents until I purchase my next house. With both units rented out it'll cash flow 1,200 a month. so I'm looking to get a Heloc since I have enough cash flow to float the cost. I'm trying to pull out 50k to use as a down payment on the next house hack. I'm having trouble finding a bank that will loan out to an investment property. should I keep shopping around or wait since interest rates are increasing.

Thanks! 

Loading replies...