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HomeForumsBuying & Selling Real EstateHard Money Lender vs HELOC
Leonard M Kleuser's profile image
Leonard M Kleuser's profile image
Leonard M Kleuser
  • Member since Jul 17, 2020
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Leonard M Kleuser's profile image
Leonard M Kleuser's profile image
Leonard M Kleuser
  • Member since Jul 17, 2020
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Leonard M Kleuser
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Buying & Selling Real Estate

Hard Money Lender vs HELOC

Leonard M Kleuser
Posted Oct 17 2020, 14:48

My personal home is worth 90k and my partners home is worth 50k. Shouldnt we HELOC our homes to buy a BRRRR instead of a hard money lender? If I buy the BRRRR correctly (<70% ARV-repairs) wont I save a lot of money using a HELOC instead of HML and the interest they will charge? TY

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