Can a HELOC be used towards another investment prop?

I was wondering if anyone knew or had ever done this before…can a Home Equity Line of Credit (HELOC) on a primary residence be used towards the down payment of a new property?

Thank you

“Yes. Investors do this all of the time.” - my Dad


I will pass the thanks along! :slight_smile:

He also added:
“There may some lenders that say you can’t use the money for that. But most of them treat it like any other credit line – you can use it for whatever.”

Now, go get your money! ;D