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Updated almost 9 years ago,

Brandon Clark's profile image
Brandon Clark's profile image
Brandon Clark
  • Real Estate Investor
  • from New Orleans, Louisiana
  • Member since Mar 22, 2016
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User Stats

89
Posts
2
Votes
Brandon Clark's profile image
Brandon Clark's profile image
Brandon Clark
  • Real Estate Investor
  • from New Orleans, Louisiana
  • Member since Mar 22, 2016
Connect
Brandon Clark
  • Real Estate Investor
  • New Orleans, LA
2
Votes |
89
Posts
Buying & Selling Real Estate

Using HELOC to invest in 1st rental property smart?

Brandon Clark
  • Real Estate Investor
  • New Orleans, LA
Posted

Hey Guys,

I have a single family home that I currently live in and I owe 104k on it. My real estate agent just sent me some comps on houses selling at 145k, 138k and 129k on my street. I will apply for the HELOC and hope to get enough for a down payment on a duplex rental property. Being that I am new to real estate investing, would this be a smart way to get the ball rolling in my investment venture?

Thanks in advance

-Brandon

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