Getting a home equity loan on a house that will be rented out involves having at least 20 percent equity in the home, examining a credit report and applying for the loan through various brokers. Get a home equity loan with advice from an experienced property manager and landlord in this free video on rental property.
Expert: Damon Thompson
Bio: Damon Thompson owns three rental properties in Detroit, Mich. and has owned up to seven rental properties at once for more than 15 years.
Filmmaker: Lynell Doyle
Very professional. Thanx very much.
ekocentric 9 months ago
There is a Democrat who ran for a Florida Office who has over 8,800 properties. I believe his name is Green. Will followup on this & get back to you. The Democrat Deception is that Republicans have all the money. That is so far from the truth it is not funny at all. see Maytag, Barbara Streisand, Al Gore to name just a few.
rocky4432901 11 months ago
Why would you want a home equity loan on your house?
btbens 1 year ago
i wont to have like 50 prosperitya and buy my own private island.
Omega3chimp 2 years ago
Greetings,
If you take an equity loan on a rental property, can you deduct the interest as a business expense?
I understand that if you buy a rental house with a mortgage, you CAN deduct the interest. But what about an after-the-fact "mortgage"?
Thanks
ragrwind 2 years ago