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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceCan anyone tell me if this would work
Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
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Rich Hupper's profile image
Rich Hupper's profile image
Rich Hupper
  • Broker / Investor
  • from Tewksbury, MA
  • Member since Aug 27, 2008
Connect
Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
333
Votes |
1,246
Posts
Private Lending & Conventional Mortgage Advice

Can anyone tell me if this would work

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted Feb 25 2016, 10:14

My moms house is worth 650k. She does not have a mortgage or any liens on the property. I want her to open up a HELOC so I can buy a fixer upper with cash and do all the rehab work with cash. Then sell it for a profit. Then pay off the HELOC.

Would this be possible?

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