HELOC as a down payment

[Mark Puen]

I have a rookie question....

Can one use a HELOC for a down payment to acquire a REI? Coupled with a hard money loan to Brrrr the property?

Any implications using a HELOC toward a REI?

[Clarence Stevens]

As I understand it once you have a heloc on a property you can use it for anything else you would like. It's like using cash, but be sure to factor your intrest payments into your numbers on the new deal to know if it's worth it.