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Updated over 4 years ago on . Most recent reply

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Miki Vargas
  • Member since Jun 21, 2020
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HELCO or Cash Out Refi!

Miki Vargas
Posted

Rental property that is only 49K from being off, it has about 535K in equity, I need 250 to purchase 2 new properties. Heloc or cashout refi? I'm SUPER new to this.

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John Warren
  • Real Estate Broker
  • from 3412 S. Harlem Avenue Riverside, IL 60546
  • Member since Apr 17, 2015
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John Warren
  • Real Estate Broker
  • from 3412 S. Harlem Avenue Riverside, IL 60546
  • Member since Apr 17, 2015
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
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@Miki Vargas cash out refinance since it is a rental property. 2nd position HELOCs in the rental property world are like finding a unicorn, while cash out refinances are pretty simple to get done. 

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