Updated almost 4 years ago on . Most recent reply
HELOC Versus Refinancing
Hello!
Has anyone used a HECOC to purchase investment properties? Really I would like to hear thoughts on using a HELOC vs simply refinancing. I currently own a rental property that I owe about 95k on and it could appraise right now for 170-180k. I would like to leverage this property in the most efficient way possible to build my portfolio down here in the Tampa area. All inputs are welcome!
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@Dan Schwartz, this started when someone said it could not be done. I saw that as a challenge. :D
I keep finding people who post their success with investment HELOCs. I know it isn't perfect, but the list winnows down the possible lenders in the universe to a few who absolutely DO write paper on investment real estate.