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Updated over 7 years ago,
HELOC, Refi on my personal house to get started??
Hello everyone! I don't have a lot of money saved in the bank, but I had thought about either refinancing my personal house and taking the money out of it, or refinance and then getting a HELOC to get started on buying investment properties. Is this a good idea or not? Pros and Cons of both?
I am single and 35, so I don't have any dependents and can be risky, and I have a modest amount of equity in my home. What are your thoughts?
Thanks!