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Updated over 2 years ago,

Zachary Blomberg's profile image
Zachary Blomberg's profile image
Zachary Blomberg
  • from Phoenix, AZ
  • Member since Apr 19, 2019
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User Stats

15
Posts
7
Votes
Zachary Blomberg's profile image
Zachary Blomberg's profile image
Zachary Blomberg
  • from Phoenix, AZ
  • Member since Apr 19, 2019
Connect
Zachary Blomberg
  • Phoenix, AZ
7
Votes |
15
Posts
Buying & Selling Real Estate

Buying a Duplex/Triplex using a HELOC

Zachary Blomberg
  • Phoenix, AZ
Posted

Hi all! I am trying to get into real estate investing but lack the capital to do so. I am considering using a HELOC to free up some equity from my home in order to cover the down payment of the new property. I currently owe $350k on my mortgage, and the home is valued at over $675k, so it seems more than feasible. I'm wondering if any of you have done something similar and/or have any advice to pass along. Thanks!

Tempe, Arizona
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