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Updated almost 9 years ago on . Most recent reply

Bradley Adams's profile image
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Bradley Adams
  • Investor
  • from Folsom, CA
  • Member since Jun 6, 2016
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16
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1
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Bradley Adams's profile image
Bradley Adams's profile image
Bradley Adams
  • Investor
  • from Folsom, CA
  • Member since Jun 6, 2016
Connect
Bradley Adams
  • Investor
  • Folsom, CA
1
Votes |
16
Posts
Creative Real Estate Financing

Home Equity Loan for Downpayment on a Rental Property

Bradley Adams
  • Investor
  • Folsom, CA
Posted

I am new to BP and am a relatively new investor.  My wife and I currently own a duplex with about $650,000 in equity.  I wanted to use some of this equity to make a down payment on some rental properties in the Dallas/ Fort Worth area.   Does anyone know how long it takes to get approved for a home equity loan and what rates are for one?  Also If there are any alternative strategies I should look into before I go this route?  

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