Updated over 5 years ago on . Most recent reply

Purchasing property with a HELOC
Has anyone purchased property using a home equity line of credit, HELOC? I curious to hear your experiences, good & bad.
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I have purchased three homes with the same $30k from a HELOC on my primary home. BRRRR the crap out of home, get the snowball formed, get the snowball rolling down hill, get the snowball velocity and momentum, HELOC just becomes a LOC for emergency use and buying quickly.