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Updated almost 6 years ago,

User Stats

42
Posts
21
Votes
Arif Siddiqi
  • Rental Property Investor
  • San Jose, CA
21
Votes |
42
Posts

taking heloc out from paid off rental property

Arif Siddiqi
  • Rental Property Investor
  • San Jose, CA
Posted

I have a couple of paid-off rental properties in the midwest that I acquired in the last few months. I am working with a legal team to get these properties under a legal entity. I am thinking of taking heloc for those properties and using that to acquire more investment properties. I will really appreciate if someone can share the best strategy to accomplish that or aware of any pitfalls to avoid. Thanks in advance

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