Updated over 2 years ago on . Most recent reply
BRRR pay off gone wrong
Attempted the BRRR and thought I was in the clear until the "repeat" step when I discovered my HELOC (which was used as my funding for construction) has now been closed for the past week. My plan was to keep the HELOC open (why else would i refinance for a loan 2% higher) as I am actively searching for my next opportunity to purchase a fixer upper but now my HELOC is not not an option.
Has anyone ran into this before? Can I reverse this mistake?