Updated over 5 years ago on . Most recent reply
HELOC on free and clear properties
Hey guys,
Let me know if this is possible.
Lets say I have a free and clear property at 100k. Can I get a Heloc for 70% LTV and use that to purchase a 70K property? Now that I own this 70k property free and clear can I get another 70% HELOC and get a 50k to purchase another property that is 50k free and clear etc.?
Now I have 1 property for 50k free an clear and I'm making payments on the 100k property and the 70 property?