Purchasing property with a HELOC

[Robert Palladino]

Has anyone purchased property using a home equity line of credit, HELOC? I curious to hear your experiences, good & bad.

[Justin K.]

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.