If you had a $500K Heloc how would you use it?

[John McKee]

The heloc is 7.5%.  It will most likely go up a little if the Fed raises rates.  It's better than a hard money loan, so what would you do with it in todays market?  Would you flip a house?  Buy anSTR with double digit returns?  Buy a MF then refi later?  What would be your strategy if you had access to this money?

[Kerry Noble Jr]

I would use it to become a hard money lender. Charge 2 points and 12% or whatever makes sense. 

use it to partner on flips with a GC or anyone thats in your network. 

You can use it as gap funding also