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Updated almost 6 years ago on . Most recent reply

Tanesha Lindsay's profile image
Tanesha Lindsay's profile image
Tanesha Lindsay
  • Flipper/Rehabber
  • from San Antonio, TX
  • Member since Feb 27, 2019

User Stats

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Tanesha Lindsay's profile image
Tanesha Lindsay's profile image
Tanesha Lindsay
  • Flipper/Rehabber
  • from San Antonio, TX
  • Member since Feb 27, 2019
Tanesha Lindsay
  • Flipper/Rehabber
  • San Antonio, TX
0
Votes |
2
Posts
Multi-Family and Apartment Investing

HELOC Interest Payments

Tanesha Lindsay
  • Flipper/Rehabber
  • San Antonio, TX
Posted

Hello,

I plan to use a HELOC to buy an investment property in the next 2-6 months. PenFed bank has offered a 12-month 3.24% interest rate on funds that I draw at the closing table. I don't want to pay interest on the funds while I look for deals. Additionally, I don't want to miss out on such a low rate. What are some high-yield financial vehicles I can place the money in so I'm not losing on interest payments until I find my deal?

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