After we close a HELOC can we take out money to purchase a rental investment?

Yes, if you have access to equity you can withdraw funds to use as a down payment to purchase investment property or withdraw enough to pay cash depending on the amount of available equity you have available. Please be certain that the investment will more than cover the new monthly obligation to your HELOC as well as any other expenses associated with the property and leave some profit for you.

We also recommend that you consider the Kwak Brothers’ real estate coaching program to help you find the best possible deals and opportunities. You can apply for the coaching program here: APPLY NOW