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Ver Andrew Starr
  • Rental Property Investor
  • Los Angeles, CA
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Refinance to pay off heloc and use on another deal

Ver Andrew Starr
  • Rental Property Investor
  • Los Angeles, CA
Posted Nov 25 2019, 07:59

My mom owns a house outright but has a heloc on it (so technically not) but the estimated value is close to $200-250k. Is there any possibility to cash out refinance, pay off the heloc with some of that cash (lower rate potentially) and use the remainder to go buy another deal?

Any tax attorneys or professionals I can connect with to discuss details?

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