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Updated over 2 years ago,

User Stats

41
Posts
18
Votes
Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
18
Votes |
41
Posts

Acquiring Heclo with rising interest rates

Bradley Rieger
  • Rental Property Investor
  • Medford, NJ
Posted

Hi everyone! 

I was housing hacking a duplex I purchased almost 2 years ago. I decided to rent out the whole place and move back in with the rents until I purchase my next house. With both units rented out it'll cash flow 1,200 a month. so I'm looking to get a Heloc since I have enough cash flow to float the cost. I'm trying to pull out 50k to use as a down payment on the next house hack. I'm having trouble finding a bank that will loan out to an investment property. should I keep shopping around or wait since interest rates are increasing.

Thanks! 

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