Using Heloc To Buy Rental Property Access

You only pay interest on the amount you actually draw. If you find a property for less than your credit limit, you don't pay for the excess.

Most HELOCs have variable rates. If market interest rates rise, your monthly payments could increase significantly, eating into your rental profits. using heloc to buy rental property

You are essentially taking on debt to acquire more debt. If the real estate market dips, you could end up "underwater" on both properties. Strategic Tips for Success You only pay interest on the amount you actually draw