HELOC on House to BRRRR another
I am wondering if it would be viable and beneficial to take out a heloc to BRRRR other properties. I have this house almost paid off and would like to use some of that equity for other deals. Would I be able to take out a heloc to do buy the other property and then when i get to the refinance stage of the new BRRRR and pull out the 70-80% equity can I then pay off the heloc completely and start looking for another deal to BRRRR. Also is there a minimum amount you have to pull out of a home for a heloc?