A home equity line of credit lets you borrow against your home's most current appraised value.
To fund his very first investment property — a $100,000 single-family home in Shenandoah Valley, Virginia — he took out a home equity line of credit (HELOC).
How HELOCs workA home equity line of credit lets you borrow against your home's most current appraised value to access cash.
Using a HELOC to build wealthAs previously mentioned, you can use HELOC money to finance anything.
Bryce DeCora, a 30-year-old Washington-based real estate investor, took out a home equity line of credit to expand his property portfolio and ended up becoming an "Airbnb millionaire."