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Updated over 9 years ago,

User Stats

103
Posts
13
Votes
Vy Mai
  • Andover, MA
13
Votes |
103
Posts

Newbie from Massachusetts

Vy Mai
  • Andover, MA
Posted

Hi everyone,

My name is Vy.  Recently, an idea just came to me that I should take out home equity loan to invest in a rental property. I've always thought of equity loan as a taboo kind of thing but for some reason, I feel like it is the right choice for me right now.  I can take out $67,000 from my main residence property.  My question is: should I find a place near Boston areas or a place near Umass Lowell.  I'm leaning toward Lowell area as I will probably find cheaper property, hence less risky as a new investor. Any advices or inputs will be much appreciated.

Thanks

Vy

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