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Newbie needs Help

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Posted Aug 3 2008, 11:03

Hello,

I was wondering if a person could take a 100k and buy
a primary home worth 75k (25k in reserves) Heloc it for
60k buy another home, repair spit shine & polish to get it appraised
up around 75k heloc or % only the property for another 60k, buy another
then another, keep them until the helocs end then put a for sale sign in the yard.
OR use my heloc and do them one at a time, sell them hopefully
get my 15-20k pay my heloc back do a 2nd one so on & so forth.

Thank you,
Bill