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Updated 7 months ago,

User Stats

49
Posts
13
Votes
Thomas W.
  • Rental Property Investor
  • Chicago, IL
13
Votes |
49
Posts

Has anyone used HELOC as a down payment for investment property?

Thomas W.
  • Rental Property Investor
  • Chicago, IL
Posted

I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to house hack so I realize that the interest rates will be less favorable.

Has anyone made a deal work using a HELOC as a down payment for a buy and hold property?


How difficult was it?

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