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Updated over 6 years ago, 06/08/2018

User Stats

39
Posts
8
Votes
Tavares L.
  • Rental Property Investor
  • San Antonio, TX
8
Votes |
39
Posts

No Mortgage on Rental; Use Cash or HELOC for expansion?

Tavares L.
  • Rental Property Investor
  • San Antonio, TX
Posted

Hi Everyone,

Rookie Question here.

I have mortgage-free SFH rental property in San Antonio, TX that generates $1300/month ($1000 after Exps), w/ an assessed value of $165K.

Questions: Is it more beneficial to use a HELOC versus CASH for a 20% downpayment (approx $40K) to purchase a Duplex?

Any thoughts or ideas are welcome. 

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