Use HELOC from my primary house to buy a rental property. – Use HELOC from my primary house to buy a rental property. Shall I deduct the HELOC interest as primary home mortgage interest or as expense for the rental property? comment.. The limitation of $100,000 on home equity debt does not apply, as the debt incurred for personal purposes..
How to Use Home Equity to Buy a Second Home | MyBankTracker – Financing Options. If you have enough equity in your home to buy a second home or vacation property, there are plenty of good reasons to pay with a home equity loan or home equity line of credit.
Consolidate your debt using home equity ;. Refi home to buy investment property. George Saenz.. I plan to borrow against my primary residence to buy a rental property. I owe $70,000 on my.