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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Starting Out
HomeForumsStarting OutUsing HELOC For Partial Funding
Dan Carbone's profile image
Dan Carbone's profile image
Dan Carbone
  • from New Port Richey, Florida
  • Member since Sep 16, 2017
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Dan Carbone's profile image
Dan Carbone's profile image
Dan Carbone
  • from New Port Richey, Florida
  • Member since Sep 16, 2017
Connect
Dan Carbone
  • New Port Richey, FL
2
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16
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Starting Out

Using HELOC For Partial Funding

Dan Carbone
  • New Port Richey, FL
Posted Feb 4 2018, 13:48

Has anyone ever used part of their homes equity for the 10-20% deposit that's needed on a hard money loan to get started flipping? I was thinking about using some of my homes equity for the deposit and running costs instead of seeking out a partner on my first deal.

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