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Updated almost 4 years ago on .

William Richard Arens's profile image
William Richard Arens's profile image
William Richard Arens
  • Rental Property Investor
  • from Purcellville, VA
  • Member since Sep 27, 2018
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User Stats

17
Posts
2
Votes
William Richard Arens's profile image
William Richard Arens's profile image
William Richard Arens
  • Rental Property Investor
  • from Purcellville, VA
  • Member since Sep 27, 2018
Connect
William Richard Arens
  • Rental Property Investor
  • Purcellville, VA
2
Votes |
17
Posts
General Real Estate Investing

Buy new home or get HELOC first?

William Richard Arens
  • Rental Property Investor
  • Purcellville, VA
Posted

I am ready to buy my second house hack! Before I get pre-approved, I want to know if I should take out a HELOC on my first home before or after?

Long story but I owe $460k on my current house hack which is appraised at $700k. I plan to get a HELOC first while im still an owner occupant, then applying for pre-approval to buy again.

Is this a good plan to get better rates? Or should I buy my new home first, then go back and get a HELOC?

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