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Updated over 1 year ago on . Most recent reply

User Stats

9
Posts
1
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Eric Wagner
  • Investor
  • New Jersey
1
Votes |
9
Posts

Using your primary home equity

Eric Wagner
  • Investor
  • New Jersey
Posted

I will be refinancing my home and using equity to purchase a STR. Doing so, will allow my to pay for the STR property in all-cash and offers a lower interest rate (as compared to a separate loan) however the lien will be against my primary home. Is this prudent/risky?

  • Eric Wagner
  • Most Popular Reply

    User Stats

    2,335
    Posts
    3,272
    Votes
    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    3,272
    Votes |
    2,335
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    Collin Hays
    #2 Short-Term & Vacation Rental Discussions Contributor
    • Property Manager
    • Gatlinburg, TN
    Replied

    I've tapped my home's equity several times to start different ventures. Had that not been possible, I would still be working in corporate America.

    business profile image
    SMOKY MOUNTAIN FALLS INC.

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