Updated about 9 years ago on . Most recent reply
Land Contract & HELOC
Hello all, I have a newbie question. I am considering selling a house on a land contract. Now, can I also take equity out of the house in the form of a HELOC (bought the house cash, cheap, and did major renovations) as long as the amount I am borrowing against the house is less than the amount I am selling it for? If so, would I do this before the land contract is initiated, after, or does it matter? I normally BRRRR but I'm just wondering if selling on a LC is going to stop my snowball.