Updated almost 6 years ago on . Most recent reply
HELOC on free and clear primary home to use for BRRRR???
Hi all, I have a family member who is wanting to work with me in BRRRR deals as an equity partner. She owns her primary residence free and clear which is worth roughly $300k. We are looking in the $150k-225k range all-in with purchase and rehab. My question is would she be able to get a HELOC for us to make this happen or would she be looking at a cash out refinance? Or is there a different strategy that might be better? Thanks in advance!