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Updated almost 9 years ago on .
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HELOC from primary home to buy MF and later do 1031 exchange
Hi everyone,
I am planning to use HELOC (of my primary home) as part of my downpayment to buy a multifamily (LLC). In the future, when I sell this multifamily (LLC) through a 1031, how will I get the money back to repay my HELOC?
Thank you.
Charles
Most Popular Reply

Maybe you can refinance before you sell to pay back the HELOC.