I would say HELOC and use it to buy a home that needs work fix it and refinance it into a mortgage and pay off your HELOC and do it again. Using a BRRR strategy.
Your interest rate should already be low. HELOC and buy a property. BRRR. Pay HELOC back. Buy another property. BRRRR. Pay HELOC back.. repeat
Heloc for sure!
First off, the Zestimate on your home means nothing as those numbers are often grossly inaccurate. Secondly, you did not mention what you have been doing with that house. Is it a rental and if so, how much cash flow does it produce? Or is it your primary residence?
Utilizing a HELOC is often a good idea so long as you purchase a cash producing asset that has returns higher than the cost of the HELOC interest. However, that is a general statement at best and may or may not be the right thing for you. It could be that selling the home and exchanging into something else is better.
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