All Forum Posts by: Kenneth R.

I have enough equity in my home where I should be able to cover the full cost of the property with a heloc, and I also have enough saved to cover all the costs of the mortgage. At this point I don't think I will need to blend the two.

I'm working on my first real estate investment and I'm having trouble deciding on the best way to finance a property. I'm looking to buy an apartment and either use a Heloc based on my current home's equity and do a BRRR or put 20% down on a mortgage. Just curious what the pros and cons are from a risk standpoint. I like the heloc because it provides the opportunity to do another investment sooner, but don't like that it is tied to my residence, even if for a short period of time.