Seeking Advice on Tapping Home Equity for Real Estate Investment

[Nixon C.]

Hey everyone,

I'm diving into real estate investing and considering tapping into my home equity via a HELOC to fund the down payment for my first rental property. I'm wondering if anyone has experience with this – do I need to use the same lender for both the HELOC and mortgage application? Any insights or advice on navigating this process would be greatly appreciated!

Thanks in advance!

[Andrew Postell]

@Nixon C. you certainly don't HAVE to use the same lender for both products but you can if you wanted to.  I would recommend asking your realtor who they would use for a lender when purchasing an investment property.  And then ask that lender if they write both products.  I want you to work with someone that is referred first.  It may not be foolproof but it should help with getting to someone good a little sooner.  

Hope all of that makes sense.