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Jesse Dickens
Pro Member
  • Rental Property Investor
  • Denver, CO
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22
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Using a HELOC to start investing and velocity banking

Jesse Dickens
Pro Member
  • Rental Property Investor
  • Denver, CO
Posted Dec 20 2018, 09:18

I am a new investor from Denver looking for my first deal (probably out of state). I don't have much in the way of personal funds to start investing, but I probably have around 75k available if I were to take out a HELOC. I would like to start the process of velocity banking simultaneously to pay off my mortgage quicker with less interest paid. Has anyone ever used this combined strategy of using a HELOC for both of these strategies? Any suggestions on how to find the right HELOC or a calculator that helps guide through the velocity banking process?

Thanks

Jesse Dickens 

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