You can use the proceeds from your home equity loan or home equity line of credit (HELOC) in any way you want—including on an investment or rental property. Using your home equity to put a down payment on or purchase an investment property is possible, and is often one of the cheapest borrowing options you may have.

Can you get home equity loan investment property?

You can use the proceeds from your home equity loan or home equity line of credit (HELOC) in any way you want—including on an investment or rental property. Using your home equity to put a down payment on or purchase an investment property is possible, and is often one of the cheapest borrowing options you may have.

Can you deduct home equity loan on rental?

Landlords may take out a second mortgage or home equity line of credit to improve a rental property or cover other property- or business-related expenses for a rental. The interest payments a landlord makes on these loans is tax deductible.