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All Forum Posts by: Nathan Alvarado

Nathan Alvarado has started 1 posts and replied 1 times.

BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Post: HELOC vs Cashout refi

Nathan AlvaradoPosted
  • Posts 1
  • Votes 2

I bought my first property last year in July. I put 20% down and put a good amount towards the rehab cost. I'm thinking I should have around 104k-129k in equity. I was wondering what would be my better option to get a down payment for my next property. Either the HELOC or cashout refi? My current APR is 7.15% I'm pushing towards the HELOC because lower cost on closing costs and refi interest rates are the same as my current loan right now.

2 Votes
Omaha, Nebraska