Updated almost 3 years ago on . Most recent reply
How to use a HELOC to invest?
Hi, how do you all recommend using a HELOC loan to invest in more rental properties? I currently am at 11 rentals but would like to grow to 15 if not more but how can I use the HELOC and not have to save 20% down for every deal. The 20% down for banks wiped out a lot of my reserves when I first started, so I am trying be creative and not use a lot of my own personal savings. Subject to is great but hard to get those deals.
I love Pace Morby's stuff so I am trying to find deals on Propwire and get a gator to come in with the EMD or down payment but I would have to give up 50% equity in the deal, which is okay but not great. Any tips is warranted.