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Updated over 6 years ago,
Using home equity to buy first deal
Hello biggah pockets
This is my first post. I have been listening to numerous podcasts trying to learn. I haven’t heard this discussed yet. I would like to use equity in my primary residence to buy my first investment. To do this would I use a heloc as best optio? If so then I would have to make payments on the heloc. There really is no way to get the equity out of my house without making payments on it right?
Secondly. When I hear the podcast guys discuss refinancing and taking the equity out of their house and using that to invest in next place don’t you have to make payments on the equity you take out?
Thank you Everyone!
Justin