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Updated 1 day ago,

Chad Jones's profile image
Chad Jones's profile image
Chad Jones
  • from Cypress, Texas
  • Member since Aug 31, 2012
Connect

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3
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Chad Jones's profile image
Chad Jones's profile image
Chad Jones
  • from Cypress, Texas
  • Member since Aug 31, 2012
Connect
Chad Jones
  • Cypress, TX
1
Votes |
3
Posts
Starting Out

HELOC to fund a rehab?

Chad Jones
  • Cypress, TX
Posted

I have my dad's house (he passed 2 years ago) and am wanting to rehab it & rent it. My vision is to keep it a while (it's paid off) and use the cashflow to help with my kids college. A full interior rehab will be about $40,000. Would a HELOC or home equity loan on my personal home be a good idea to fund this? What other options would be good? Thank you in advance!

Houston, Texas
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