Personal Finance
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 13 days ago, 12/03/2024
HELOC vs Taking money out of the stock market
Hi everyone,
I’m new to real estate and could really use some guidance. I currently own my home I live in (not paid off) and have one rental property that’s fully paid off thats profiting about 1k a month. I also have about $200k invested in the stock market (not retirement account).
I’m looking to buy my next investment property to grow my portfolio. I’ve heard about home equity loans and HELOCs, but I want to keep my money in the stock market to maintain some diversification.
My question is: would it be wise to take out a home equity loan for the full $200k to keep my stock investments active? Or should I consider withdrawing smaller amounts, like $100k?
Any insights or advice would be greatly appreciated!
Thanks in advance!