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Updated over 6 years ago on . Most recent reply

Account Closed
10
Votes |
224
Posts

If a buy a property cash can i do a HELOC?

Account Closed
Posted

If i had 100,000 and i buy a property for 100,000 can i do a HELOC and get my money back for another property and do it again?

Most Popular Reply

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477
Posts
387
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Scott Jensen
  • Financial Advisor
  • Blaine, MN
387
Votes |
477
Posts
Scott Jensen
  • Financial Advisor
  • Blaine, MN
Replied

@Account Closed

For investment properties it is easier to just cash out refinance.  You could only get out 75% of the equity though. If you've improved the property you can wait 6 months or a year and pull out 75% of what the new appraised value is.

  • Scott Jensen
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