All Forum Posts by: Keith Knobloch

@Michael Anderson, it's funny your story almost exactly matches mine...I'm writing this response on my lunch break of my software job, but am also looking to get more involved in REI without completely giving up the security of my day job. I too am a handy-man, short on cash, with kids that I'd also like to get trained up in the business. I also have some equity in a couple other properties. As far as I know, there are no tax implications on either HELOC or cash-out refi since both are working with borrowed money. If rates are lower than when you purchased 7 years ago (and I would guess they are), you might be better off with the cash-out refi. I just completed one of those on my house and kept my payment exactly the same while walking away with just under $10k at closing...for me, I'm working on debt reduction...sounds like you are closer to making things happen! All the best in your endeavors!