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Updated almost 6 years ago,

Shane Woodman's profile image
Shane Woodman's profile image
Shane Woodman
  • Rental Property Investor
  • from Moseley, VA
  • Member since Apr 30, 2018
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User Stats

19
Posts
6
Votes
Shane Woodman's profile image
Shane Woodman's profile image
Shane Woodman
  • Rental Property Investor
  • from Moseley, VA
  • Member since Apr 30, 2018
Connect
Shane Woodman
  • Rental Property Investor
  • Moseley, VA
6
Votes |
19
Posts
Private Lending & Conventional Mortgage Advice

How does a HELOC work?

Shane Woodman
  • Rental Property Investor
  • Moseley, VA
Posted

I'm looking at using a HELOC to help fund my next rental property. I currently have two single family rentals that each have equity in them. Does it make sense to use a HELOC to help fund another rental property? What are the pro's and con's of using this strategy?

Thanks for the help!

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