Skip to content
Innovative Strategies

User Stats

29
Posts
6
Votes
Kevin Jackson
  • Indianapolis, IN
6
Votes |
29
Posts

Rental investing with a 40k Heloc. What’s a good strategy?

Kevin Jackson
  • Indianapolis, IN
Posted Oct 16 2019, 13:24

Any advice would help.

I have a 40k Heloc. I was trying to use it as multiple down payments on some seller financing rentals with the plan to refinance after 6months pay back the Heloc and repeat. I’ve been having issues with finding good properties that fit what I’m trying to do. So now I’m considering getting approved by a lender that will allow me to use the Heloc as down payment. I only have five years on the Heloc before it’s due. Doing this strategy wouldn’t allow me to use the Heloc multiple times. What strategy are you guys using? Any ideas would be appreciated. Thanks

Loading replies...