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Updated over 2 years ago on . Most recent reply

Glenn P Kakugawa's profile image
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Glenn P Kakugawa
  • Member since Nov 29, 2022
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Glenn P Kakugawa's profile image
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Glenn P Kakugawa
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Glenn P Kakugawa
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Creative Real Estate Financing

1st vs 2nd position HELOC advice

Glenn P Kakugawa
Posted

We are trying to decide whether to use 1st or 2nd position HELOC to fund our investment property down payment. Any advice is appreciated.

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Nate Sanow's profile image
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Nate Sanow
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  • from Tulsa, OK
  • Member since May 21, 2016
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Nate Sanow's profile image
Nate Sanow's profile image
Nate Sanow
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Nate Sanow
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Nate Sanow
  • I​nvestor & Agent
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Do you own something free and clear? That is the only way I can think of a HELOC being a first position. Otherwise, by default, a HELOC would always be 2nd position, to my knowledge.

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