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Updated almost 8 years ago,

Carlo Torres's profile image
Carlo Torres's profile image
Carlo Torres
  • Rental Property Investor
  • from Queens, New york
  • Member since Nov 23, 2015
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User Stats

10
Posts
1
Votes
Carlo Torres's profile image
Carlo Torres's profile image
Carlo Torres
  • Rental Property Investor
  • from Queens, New york
  • Member since Nov 23, 2015
Connect
Carlo Torres
  • Rental Property Investor
  • Queens, NY
1
Votes |
10
Posts
Starting Out

HELOC

Carlo Torres
  • Rental Property Investor
  • Queens, NY
Posted

hey guys just wanted to know if this was a good idea. I own a home with equity and am able to get a HELOC for 150k first year fixed rate. I Have a multi family house I been looking at for 109k. Would it be a good idea to buy the house and after a year refinance that way the house I own is not at risk. Also if this works would I need a down payment when refinancing? Thanks in advance

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