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Updated over 1 year ago on . Most recent reply

User Stats

4
Posts
1
Votes
Luke McKenzie
  • Investor
  • Portland, Oregon area
1
Votes |
4
Posts

Using Hometap to start investing

Luke McKenzie
  • Investor
  • Portland, Oregon area
Posted

Hello, new investor here. I'm considering using Hometap for cash for our first investment property. Does anyone have experience or opinions regarding this? My credit isn't perfect, and I own my own business, machine shop, so income can look less than steller, however my wife and I have a lot of equity in our primary residence - so we though this could be a great option.

Most Popular Reply

User Stats

11
Posts
2
Votes
Nana Appaw
  • Rental Property Investor
  • Worcester, MA
2
Votes |
11
Posts
Nana Appaw
  • Rental Property Investor
  • Worcester, MA
Replied

@Luke McKenzie I used Hometap for cash to buy an investment property and not having any monthly payments as a conventional heloc helped me stabilize the property without having the burden of monthly payments! Great product and easy process!

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