Updated almost 5 years ago on . Most recent reply
New here: question about refinancing after using a HELOC
Hey team,
I have a hypothetical situation that I was wondering if anyone had ever tried. I want to buy my first investment property using a heloc on my primary residence.
Can I do this, rent the home for a year and then refinance the home, "pay off HELOC" and then rinse and repeat?
I am just wondering if this is a reasonable approach? Any obvious problems to this? Any help would be awesome!