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All Forum Posts by: Angela Cowan

Angela Cowan has started 1 posts and replied 1 times.

Post: What is the best alternative to a HELOC in your opinion?

Angela Cowan
Posted
  • Posts 2
  • Votes 0

Hi all! My husband and I are just getting our toes in the water and planned to use a HELOC for our first investment property. We have about $90k we'd be able to utilize plus cash we've saved up.

I'm now realizing HELOCs are unavailable or higher rates than before (ex- 1.99% for 6 mos, then 6% after). Is that still reasonable or is there another route that you're finding works better for BRRRR? We'd rather not jump in with a HML just yet but aren't entirely against it. Just feel more comfortable getting one under the belt first.

- Angie