Wise to HELOC to start out?

[Kevin Jorgensen]

Hello, Would it be wise to use a HELOC to buy first rental properties? Or do I just leave that alone and try the often suggested little/no down payment model? Also, from what I can tell my area is poor for rentals (Portland Metro), how often do individuals go outside if their neighborhood to find deals. Thanks Kevin

[Matt Garboden]

I'm sure there will be better advice to follow, but I don't see a HELOC as a bad option. I just secured a line of credit to do some repairs on a rental and eventually use to purchase my next property. I think the flexibility of a LOC is a nice thing to have.

Rentals around town aren't bad, if you can make the numbers work, but it's pretty tough right now. Personally, I'm looking at cheaper areas in the PNW for my next property.