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Updated almost 5 years ago,

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Home equity loans versus bank/lender for getting started

Posted

New here and getting my feet wet in the learning stages of real estate investing. I'd like to get some recommendations from those more seasoned. We have around $200k in home equity and are about to begin the hunt for single family flips/rentals and/or multi unit rentals. Has anyone used equity loan to get started? Should we reserve the equity for EMD and rehab costs while applying for loans through bank/lenders to cover purchase price? Any advice on which kind of equity loan may be best in our case? Thanks!

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