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Updated over 5 years ago, 03/11/2019

Angel Rivera's profile image
Angel Rivera's profile image
Angel Rivera
  • Rental Property Investor
  • from Savannah, GA
  • Member since Feb 23, 2019
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User Stats

9
Posts
1
Votes
Angel Rivera's profile image
Angel Rivera's profile image
Angel Rivera
  • Rental Property Investor
  • from Savannah, GA
  • Member since Feb 23, 2019
Connect
Angel Rivera
  • Rental Property Investor
  • Savannah, GA
1
Votes |
9
Posts
General Landlording & Rental Properties

contemplating a HELOC

Angel Rivera
  • Rental Property Investor
  • Savannah, GA
Posted

I've got one rental with 75k in equity. I've been been cash flowing $500 a month on it for the last 2 years. It was my first home. I'm thinking of taking out a HELOC on it as a buffer and renting out the house I'm in now. Has anyone done this before and would you recommend it? Any advice would be appreciated. I'm in Savannah Georgia.

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