Updated almost 9 years ago on . Most recent reply
HELOC Questions BRRR Strategy
Hey Everyone!
Just want to be right upfront and say I have 0 experience with HELOC. But here are my questions and if you have anything to add please let me know! Every bit of information is appreciated
If I have a PML fund a fixer upper (Purchase and Repair) Single Family Rental am I able to pull the money back out via a HELOC if the house appraises out for the right value to pay the PML back?
Let me know the PROs and CONs of this strategy or any experience you have had with it!
Most Popular Reply
Whoa ! @Michael Barbari
I apologized I did not pay attention in the meetups! I will be contacting you for sure if I need to pull equity from my rentals.