u/Responsible_Maybe_14

Hello everyone!

I’m almost done paying off my mortgage (primary home 15K left). I am considering buying 2nd home as a rental property.

I do not have any other loans aside from the 15K, my credit score is 816, a good credit score.

I was thinking maybe I can get a HELOC loan and use it to buy my 1st rental property.

I’m reaching out for any suggestions you all might have, perhaps a HELOC loan is not a good idea. I am all ears for any suggestions.

How would you handle it.

Thank you all for your suggestions!

Hello everyone!

I’m almost done paying off my mortgage (primary home 15K left). I am considering buying 2nd home as a rental property.

I do not have any other loans aside from the 15K, my credit score is 816, a good credit score.

I was thinking maybe I can get a HELOC loan and use it to buy my 1st rental property.

I’m reaching out for any suggestions you all might have, perhaps a HELOC loan is not a good idea. I am all ears for any suggestions.

How would you handle it.

Thank you all for your suggestions!

Hello everyone!

I’m almost done paying off my mortgage (primary home 15K left). I am considering buying 2nd home as a rental property.

I do not have any other loans aside from the 15K, my credit score is 816, a good credit score.

I was thinking maybe I can get a HELOC loan and use it to buy my 1st rental property.

I’m reaching out for any suggestions you all might have, perhaps a HELOC loan is not a good idea. I am all ears for any suggestions.

How would you handle it.

Thank you all for your suggestions!