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Updated over 5 years ago,

Shane W. Chapin's profile image
Shane W. Chapin's profile image
Shane W. Chapin
  • Specialist
  • from Jacksonville, Fl
  • Member since Nov 14, 2016
  • Posts 93
  • Votes 57
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

93
Posts
57
Votes
Shane W. Chapin's profile image
Shane W. Chapin's profile image
Shane W. Chapin
  • Specialist
  • from Jacksonville, Fl
  • Member since Nov 14, 2016
  • Posts 93
  • Votes 57
  • Experience 6 Yrs
  • Investments 1
Connect
Shane W. Chapin
  • Specialist
  • Jacksonville, Fl
57
Votes |
93
Posts
Private Lending & Conventional Mortgage Advice

HELOC or Refinance personal home?

Shane W. Chapin
  • Specialist
  • Jacksonville, Fl
Posted
Like most new investors, I am working on building capital in order to properly fund my first deal. I have a good amount of equity in my personal home and have a 2 part question to pose here: 1- Is using equity from my home to use towards the purchase of a rental proprty a good idea? 2-If so, would you reccomend refinancing and take cash out or get a HELOC?
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