Won’t paying back a HELOC loan take some time?

[Sean Welch]

Let’s say you use $50,000 on a HELOC to buy a property and use it as a Buy and Hold. Won’t it take years before you can get that $50,000 back from monthly rental income and repeat the process?

[Jeffrey Holst]

@Sean Welch it depends on the deal. If you are doing a buy and hold yes it would take a long time to pay it off but it also takes a long time to pay off a mortgage. Time frame doesn't mean it's not worth doing. That being said we use lines of credit primarily as a bridge loan to either buy and flip something or to buy something we plan to refinance with a more traditional mortgage product in the short to medium term.