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Updated about 5 years ago,

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Sergio Salinas
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Using Home Equity to start investing

Sergio Salinas
Posted

What is the best way to use home equity in your home to start a rental property investment. I'm wanting to buy my first investment property. I've got about $90,000 in home equity and would like to begin buying rental property. Would you recommend refinancing to take cash out or using a HELOC to use for down payment on rental? Also how much would it doing this affect me getting a loan for the rental? Any help or suggestions would be appreciated!

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