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Updated almost 5 years ago, 02/17/2020

User Stats

6
Posts
4
Votes
Phillip Moreno
  • Rental Property Investor
  • San Diego, CA
4
Votes |
6
Posts

HELOC vs Mortgage first time buyer

Phillip Moreno
  • Rental Property Investor
  • San Diego, CA
Posted

Hello everyone. I'm 4 years from being able to retire from the military and dont want to work in gov contracting the rest of my life. I used the VA loan for my first home in San Diego and have 200k in equity that I would like to use that to get my feet wet in a rental property.

Going forward, should I use a HELOC or traditional financing method for my first rental property? I want to be as prepared as possible so every angle pros and cons would be greatly appreciated.

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