Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Coronavirus Conversation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

24
Posts
3
Votes

Heloc Concerns related to our economy

Posted

Hey I just got approved for my Heloc and am ready to invest in my first official rental property. (I already have one but it was gifted to me)

I'm kind of nervous to draw from it given our current economic times. Basically I'm worried about the bank where I got the Heloc from. I know no one has a crystal ball and can see into the future but i am just curious. Should I just go about my investing plans? Should I be a bit concerned? Anyone else out there feeling the same way as I am? I understand my bank is different from yours and there isn't a clear cut explanation an what may or may not happen. I guess I am just looking to hear from others on how they feel about this and what they are doing.

Loading replies...