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Updated over 1 year ago,

User Stats

5
Posts
2
Votes
Angel Miranda
2
Votes |
5
Posts

Equity Loan, HELOC or cash out?

Angel Miranda
Posted

Hello BP, new member here. I'm looking to start my Real estate investment portfolio, but I'm a bit conflicted on how to get it going. I have a good amount of equity built-up on my home right now, but I'm a little hesitant to cash it out due to high interest rate at this moment. I'm locked-in to a 2.25% and a very good and affordable mortgage payment. I'm looking for a BRRRR property and I probably have enough money for down payment; however, I will not have enough for the repairs. I'm leaning more towards a HELOC what are your thoughts?

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