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Updated over 6 years ago on . Most recent reply

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts

BRRR after using cash from a HELOC?

Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Posted

Has anyone successfully been able to get a loan/refinance a cash purchase (when the cash was taken from a HELOC?)

I am buying my first rental property using cash from my HELOC, and I just heard of the BRRR strategy which I would love to be able to implement if I can. Anyone have success with this?

Most Popular Reply

User Stats

160
Posts
34
Votes
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
34
Votes |
160
Posts
Thuy Pham-Satrappe
  • Rental Property Investor
  • San Clemente, CA
Replied

@Matthew Drouin thank you! Yes I am purchasing with the "make money when you buy" mentality in mind. I actually withdrew 2 of my offers last week because I realized they weren't good deals

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