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Updated over 4 years ago on . Most recent reply

Christopher Lane's profile image
Christopher Lane's profile image
Christopher Lane
  • Rental Property Investor
  • from Oceanside, California
  • Member since Dec 28, 2018

User Stats

78
Posts
60
Votes
Christopher Lane's profile image
Christopher Lane's profile image
Christopher Lane
  • Rental Property Investor
  • from Oceanside, California
  • Member since Dec 28, 2018
Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
60
Votes |
78
Posts
Creative Real Estate Financing

HELOC on primary to start BRRRRing

Christopher Lane
  • Rental Property Investor
  • Oceanside, CA
Posted

Hi everyone, I was recently approved for a HELOC for $50,000. I have $16,000 cash in my savings account. If I were to find a distressed property and pay in cash and use some money for rehab would this make sense? Is it legal? This seems like a great chance to break into real estate. Almost too good…

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