How do I leverage against my current property?

[Daniel Hwang]

Hi,

I'm looking to leverage my first property to purchase a second property. I understand there are specific methods like cash out refinancing, HELOCS, and equity loans. 

If I take those out like a HELOC how do I actually pay that loan back as I'll still have a monthly payment for that loan? Any advice would be greatly appreciated. Thank you!

[Matthew Kwan]

You can always do a HELOC on you primary up to 90% LTV vs an investment property only up to 75% -80% where rates are also slightly steeper.

@Carlos Valencia @Albert Bui