Updated over 8 years ago on . Most recent reply
HELOC to purchase a new home
So, I'm new to bigger pockets. Thinking of different ways to invest. When I bought my house as a short sale and have fixed it up. I'm getting a HELOC on it, and was thinking of using that HELOC to put a down payment on a second home. I want to then move into that second home and rent out the first home. Are there legal things I should be worried about? The bank upset how the HELOC was used? Thanks.