Updated over 4 years ago on . Most recent reply
100% LTV HELOC for 3rd Property Downpayment
This week I will be closing on my 2nd property! As excited as I am to start managing this new property, Im always thinking about the next acquisition. I have a lender that does 100% LTV HELOC. I know this because I utilized this on my 1st property to put toward a dp for my 2nd property... My thought is, can I take a HELOC after a few months of owning the 2nd property to put on a dp for the 3rd property and so fourth? The total DP for my 2nd property will be $41k. So my understanding is that that $41k I will be able to pull out and put toward another dp. Has anyone done this in the past ?? Thanks!
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