Dossier
Virginia's Shenandoah Valley
Coverage of Virginia's Shenandoah Valley in the Nexus archive.
- How savvy real estate investors are using HELOCs to buy rental properties and build wealth
Homeowners are using Home Equity Lines of Credit (HELOCs) to buy investment properties, converting equity into capital for wealth building. A HELOC functions like a credit card, allowing borrowers to access funds by borrowing against the difference between their home's value and what they still owe on it. Two investors cited were Mark, who bought a 25-unit portfolio, and Scott Steenbergh, who financed a sober-living rental.