Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago, 10/22/2020

User Stats

81
Posts
46
Votes
Sunny Suh
  • Real Estate Investor
  • New York, NY
46
Votes |
81
Posts

Should I buy with my HELOC or a mortgage?

Sunny Suh
  • Real Estate Investor
  • New York, NY
Posted

Hi BP Family,

Can't wait on finding a mentor so I'm executing and learning from experience!

Current Situation: Just closed on a HELOC for $140k my my first property. Have a lot of room with a low DTI ratio. Starting to explore out of state investing, and for a HELOC it will definitely be a BRRR strategy, but figure I can also get a mortgage and buy turnkey or market value.

Question to the more seasoned investors. Would it be smarter to buy my next home with a mortgage and while I have a low DTI? And then the next home with a HELOC? That's my current thinking, but wondering if there's any benefit of buying a BRRRR strategy investment with a HELOC first.

Loading replies...