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Updated about 5 years ago on . Most recent reply

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Axel Kusber
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Cash out Refi or HELOC??

Axel Kusber
Posted

I am partnering on a flip and wanted to make sure I had enough access to cash / credit if needed. Currently have $40K cash as well as have a rental property that has about $90K in equity that I could tap into. I have budgeted $45K for the flip and am wondering if taking out a HELOC on my rental property would be "smarter" than a cash out refi, using the funds for additional flips and or rental properties.

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