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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceHELOC for new project?
Katie Huynh's profile image
Katie Huynh's profile image
Katie Huynh
  • Rental Property Investor
  • from Portland, OR
  • Member since Sep 22, 2018
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Katie Huynh's profile image
Katie Huynh's profile image
Katie Huynh
  • Rental Property Investor
  • from Portland, OR
  • Member since Sep 22, 2018
Connect
Katie Huynh
  • Rental Property Investor
  • Portland, OR
4
Votes |
25
Posts
Private Lending & Conventional Mortgage Advice

HELOC for new project?

Katie Huynh
  • Rental Property Investor
  • Portland, OR
Posted Sep 29 2018, 14:58

I don't know much about HELOC and have never taken out this loan. But my plan is I'm going to take out HELOC of my current home to purchase a fixer property, then refinance the property after 90 days to pay back HELOC and turn the property into a rental. Is it a doable strategy? Is it a good plan? What do you think?

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