HELOC to fund deals?
Anyone else out there using a HELOC on their primary residence to fund their REI? Both of my buy and hold deals were funded exclusively from my HELOC, which I then refinanced into a traditional mortgage. Because of forced appreciation, we were able to recuperate the total amount we had into them.
Has anyone else done a deal of this nature, funded solely from a HELOC?
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Arguably, anyone who DOESN'T use this strategy is WASTING their equity! Cheers...