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Updated over 10 years ago on . Most recent reply

User Stats

399
Posts
261
Votes
Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
261
Votes |
399
Posts

HELOC's

Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
Posted

I'm thinking about taking out a HELOC of about $75k (80% LTV) and purchasing another investment home outside the state of California. Does anyone have any experience with this? Any advice out there? Is it better to try and use this money for a flip or a buy and hold? Only experience I have is buy and hold at this point. Thanks!

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