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Updated almost 6 years ago,

Nick Wilson's profile image
Nick Wilson's profile image
Nick Wilson
Pro Member
  • from Sacramento, CA
  • Member since Mar 23, 2019
Connect

User Stats

27
Posts
21
Votes
Nick Wilson's profile image
Nick Wilson's profile image
Nick Wilson
Pro Member
  • from Sacramento, CA
  • Member since Mar 23, 2019
Connect
Nick Wilson
Pro Member
  • Sacramento, CA
21
Votes |
27
Posts
Starting Out

Financing My First Rental

Nick Wilson
Pro Member
  • Sacramento, CA
Posted

Hello! I'm completely new to investing, and am looking for advise. I'm looking at buying my first rental - a SFH in the Midwest. Currently I'm looking in Indianapolis and Detriot. I currently live in Sacramento, CA. I have about $200k equity in my home. My current plan is to take out a HELOC, and use part of that to pay for my first rental, then once it's renting out to re-finance that loan with a regular mortgage.

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