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Updated about 1 year ago on . Most recent reply

HELOC to buy STR's?
Is it a bad idea to use a HELOC to pay the down payment for my first short term rental investment? And how do I factor that in the Cash on Cash return when analyzing properties? I'm still trying to learn all I can as I look for an opportunity to get my foot in the door to investing in vacation rentals.
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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I used a Heloq for the downpayment on a vacation rental. This worked well for me.