Line of credit or conventional loan

[Adam Philpot]

My residence has grown about 150k in value since we bought it. Is it better to take out a line of credit against our residence or take out a conventional loan for a rental property. The house we live in is in my wife's name so technically I could get an FHA loan Thank you in advance Adam

[Carson Wilcox]

to BUY a rental to keep... why not use the heloc to be a "cash buyer" if you can get a large enough line..  cash quick close really turns people on.

Then just refi it conventional and pay back the heloc.  I wouldnt leave another property on my heloc.  I am using my heloc now for down and rehab $ on a house...  But would never leave that $ on my residence.