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Updated about 6 years ago,

User Stats

26
Posts
7
Votes
Ajay Malhotra
  • Investor
  • New York City, NY
7
Votes |
26
Posts

Heloc on rental property to purchase another and refinance it

Ajay Malhotra
  • Investor
  • New York City, NY
Posted

I'm looking to purchase another investment priperty, and am exploring the option of using a HELOC to make a 'cash offer'

Is it better if the plans are to just keep all money invested for now, to just pay all extra on the HELOC thus reducing the 'principal'?

Should I do that until i need money to repeat this again?

When I refinsnce, can i refinance to a more traditional loan against the new investment property itself vs trying up the equity in the original house? 

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