Updated about 7 years ago on . Most recent reply
Refi or HELOC...??.......!?!?
My wife and I started investing officially 12 months ago. We had been "househacking" or renting our old condos before that. 12 months ago, we paid cash for our current rental (because we couldn't get a loan as a result of a recent short sale). Our next step is to pull equity out of a property an use it for our next purchase.
My big question to the current and future rock-stars of our community is; should we cash out refi our current property or get a HELOC??
I'd really like to try the Brrr Strategy, and a HELOC sound like a great way to go about accessing the cash needed for a purchase and refurbishing.