Updated almost 3 years ago on . Most recent reply
Best Use for Heloc's??
Hey everyone! I recently made a post on one of my social media channels (Tiktok) about a Heloc and it blew up!! I am curious to see what actual investors here are using it for and how thier returns have been?
Mind sharing some wins here? Thanks in advance!
Most Popular Reply
Heloc should only be used for short term projects, ideally in the 6 month range. Use it as a down payment or even pay full cash using it, but make sure that property has an exit strategy ready to execute in less than a year.
not only is this good financial sense, it's also how banks judge your creditworthiness when they look at your heloc activity.