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Updated over 4 years ago on . Most recent reply

Mark A. Roberts's profile image
Mark A. Roberts's profile image
Mark A. Roberts
  • from Houston, Tx
  • Member since Jul 21, 2018
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Mark A. Roberts's profile image
Mark A. Roberts's profile image
Mark A. Roberts
  • from Houston, Tx
  • Member since Jul 21, 2018
Connect
Mark A. Roberts
  • Houston, Tx
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Buying & Selling Real Estate

My House. Is it an asset or liability in this regard?

Mark A. Roberts
  • Houston, Tx
Posted

If I use the equity (Home Equity Line Of Credit) out of my house to purchase a rental property, is my house then considered an asset since it would be responsible for bringing in money? Can it then be considered as my personal bank somewhat? 

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