Updated over 5 years ago on . Most recent reply
Accessing Equity in Personal Home
Hello everybody, I recently bought my first investment property and already have it rented out which was fairly seamless. I now would like to repeat the process and purchase another investment property. I used a chunk of my savings for the down payment on the first property, putting 20% down. I also have aprox $400,000 worth of equity in my personal home. Some say this is just dead money, do most of you recommend using your personal home's equity to refi or access a HELOC to purchase more investment property? Or would this be considered risky, being that its our family home?