This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.
Thanks, I should have explained the situation more clearly.I wouldn't do a HELOC or home equity loan unless it was a fixed rate.I think the advantage of a HELOC is that you typically are only required to pay interest during the draw period (typically 10 years).I would use the extra income from the 1st rental to pay off the HELOC during the draw period.
Best Of |
Favorites & Replies |
My Fool |