Using current home equity for investment

[Jerrod Hall]

I currently own my home free and clear,and am wanting to know if it is wise to borrow against it to fund my first property?i built the house 9 years ago and would estimate its value at 150,000 - 180,000.and if so,what is my best option  in going foreword?

[Jeremy Taggart]

@Jerrod Hall If you are planning on doing a flip or BRRRR you could take a HELOC out on the property and take out funds as you would need them then pay off the HELOC once you sell or refinance and keep repeating. If you are planning on doing a buy and hold I'd refinance the property and then use the proceeds for the down payment/s. Regardless I think it is a good idea to utilize that equity to get started in investing.