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Updated about 1 year ago on . Most recent reply

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7
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14
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Allen Clark
  • Investor
  • Cleveland, OH
14
Votes |
7
Posts

Using a HELOC to purchase rental property

Allen Clark
  • Investor
  • Cleveland, OH
Posted

Hello! Can someone give me some advice on using a HELOC to purchase rental property? I will be in the process of looking for my first rental property this year. I'm currently planning to put 20- 25% down on the first property. And considering using a HELOC to purchase bigger property in the future.

Thank you

Most Popular Reply

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1,362
Posts
304
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
304
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1,362
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Jacob Sherman
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied

Yes you can definitely use your HELOC for a downpayment on your next investment property and be 100% financed

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