HELOC how long do i have to Seasoning it Before investing

[Jesus Morales jr]

I'm thinking about possibly renting my home out in the near future or/keeping it ...I want to take out a HELOC to invest ....How long after can I use the funds to put down on an investment property Or does it have to be season for a couple months before I can do so

[Jackie Lin]

most banks will like to see that you have own the house for at least a year before you can put it down to get a HELOC. However, if you rent it out, you can't technically keep the heloc as that property is not your primary residence. if you rent it out, you will have to get a line of credit which is similar to heloc but with a higher interest rate, since you will be putting your investment property up to the banks to get the line of credit.