Creative Real Estate Financing

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Rommel Rosales
  • Rental Property Investor
  • Port Charlotte, FL
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HELOC & then Cash Out Refi???

Rommel Rosales
  • Rental Property Investor
  • Port Charlotte, FL
Posted Jan 25 2022, 11:10

I've been saving cash to start my BRRRR project my Family wants a pool built. Our primary home had accumulated at least $50k of equity in 9 month (From $248k to $307k). My question is, if I tap into my equity through HELOC to build a pool in our backyard ($60k to build), then appraise the house after pool build (approx $400k comps), how soon can I Refinance our house? I want to cash out some equity to begin my first project after the pool project. Any constructive input is appreciated.


Rommel

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