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Updated over 8 years ago,

User Stats

2
Posts
0
Votes
Elizabeth Cabello-Aguirre
  • Wholesaler
  • Miami, FL
0
Votes |
2
Posts

Is it possible to get HELOC with no current income.

Elizabeth Cabello-Aguirre
  • Wholesaler
  • Miami, FL
Posted

I recently lost my employment of 14 years and I've decided that this is the time for me to finally follow my passion for real estate full time.  I am a novice.  I have a 401K that I plan on switching to a Solo 401K.  However, I'd also like to tap into the equity in my home.  I owe about $155K and I believe the house is worth roughly $340K.  My goal is to replace my income as soon as possible as well as invest for retirement.  Any advice is greatly appreciated.

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