Is it good idea to get a HELCO on NEW rental property?
April 29th, 2010 | 
Author: I have another rental property with no mortgage on it and can use that rental incomes to pay the HELCO on the other NEW rental property?
PLUS the rental incomes from the NEW rental property to pay the HELCO too.
Posted in Rental Properties
if you wish you can
It depends on why you are pulling equity. Pulling equity because you have equity does not make sense.
If you have a plan for the equity like another investment or paying down debt that make sense then by all means go full throttle.
If you want to have it in the event of another investment then that might be a good reason to pull equity.
You are in a business and it does not make sense to go upside down in your business. If this will enhance your business then go for it.
I hope this has been of some use to you, good luck.
“FIGHT ON”