"Replace Your Mortgage" HELOC Strategy
Hi all. Apologies if this topic is addressed in another part of the forum; I've checked through and couldn't find anything which specifically addressed my question.
I am a young investor with no experience when it comes to the real estate market. I have begun doing a lot of research and really enjoy and value the resources BiggerPockets is putting out. In doing my due diligence and trying to learn as much as possible, I have come across a company called "Replace Your Mortgage". I am curious if anyone else has found this site and could provide their experience or thoughts in general about the company's HELOC strategy.
When it seems to good to be true it usually is, but this strategy does make a lot of sense at least on paper. Yes, when following this strategy the individual must be very diligent in keeping up with the cash flow required, but if they do, I do see how it makes sense even with the variable interest rate associated with the HELOC.
Any thoughts/suggestions?