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Updated over 2 years ago on . Most recent reply

Michael Elkins's profile image
Michael Elkins's profile image
Michael Elkins
  • Member since Feb 5, 2020
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Michael Elkins's profile image
Michael Elkins's profile image
Michael Elkins
  • Member since Feb 5, 2020
Connect
Michael Elkins
12
Votes |
8
Posts
Creative Real Estate Financing

buying distressed properties with a HELOC

Michael Elkins
Posted

Getting ready to buy my first investment property with a HELOC. I have $250k worth equity. Looking to buy a duplex, if possible, to fix up and rent. Is my best option to buy the property out right with the HELOC and then rehab with the HELOC also. Then refinance? Or, put 20% down on a property with the HELOC, then rehab with the HELOC, then refinance?

Columbus, Ohio
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