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Updated 24 days ago, 11/23/2024

Dave Estochen's profile image
Dave Estochen's profile image
Dave Estochen
Pro Member
  • Investor
  • from Portsmouth, NH
  • Member since Jun 16, 2014
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User Stats

9
Posts
2
Votes
Dave Estochen's profile image
Dave Estochen's profile image
Dave Estochen
Pro Member
  • Investor
  • from Portsmouth, NH
  • Member since Jun 16, 2014
Connect
Dave Estochen
Pro Member
  • Investor
  • Portsmouth, NH
2
Votes |
9
Posts
Creative Real Estate Financing

HELOC on a Rental Property - Pros & Cons

Dave Estochen
Pro Member
  • Investor
  • Portsmouth, NH
Posted

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate. I would use the line to purchase more rental properties and BRRRR them to repay the line. Does anyone have experience doing this in today's market? Pros and cons? Lender recommendations? Or any other options you prefer such as a 1031 exchange?

Property is located in Massachusetts. Thanks in advance!

  • Dave Estochen
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