Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago, 04/21/2019

User Stats

4
Posts
7
Votes

Heloc for a Down payment?

Posted

Hello all! 

I am looking to purchase my first rental property. I am currently in the looking a deal stage and have found a few perspective properties that I think will work. My question is this. I am looking to use my HELOC on my house as a down payment. Is this a smart idea? I have run the numbers on the calculators and the numbers all work out. I just can help but thinking of all that can go wrong so to speak. Thanks for any input! If anyone has any suggestions I would greatly appreciate it!

Loading replies...