Investing 25%, then withdrawing 90 LTV as a heloc?
Has anyone done this strategy? I want to get investment properties with a low downpayment, but can't occupy them. If I put 25% down, then withdraw up to 90ltv as a heloc, I keep more cash to myself.
What hurdles will I run into? Can you get a heloc shortly after closing and use the same appraisal?