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Private Lending & Conventional Mortgage Advice

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Dave P.
Pro Member
  • Rental Property Investor
  • Massachusetts
14
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58
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Using HELOC loan as a down payment

Dave P.
Pro Member
  • Rental Property Investor
  • Massachusetts
Posted Nov 7 2016, 13:36

As i continue to build my portfolio, I have considered using a HELOC as a way to purchase another property. I am wondering what the pros and cons are. I currently own a VA financed multi-unit property. I want to purchase another multi unit, using the HELOC as a down payment. Thanks for any constructive feedback.

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