BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Use HELOC of 350k towards 1 mill peoperty
I'm in the process of getting HELOC from a duplex I bought in the LA area which I bought in 2013 for under 300k. I got approved for a 350K HELOC due to appreciation and am thinking of how I can maximize this opportunity.
If I can find a fourplex or 5plex + for 1M I am thinking I can use 200k as down payment after running the numbers to cover the mortgage I can cover the HELOC and BRRR. I currently live in LA and looking in the area but am not afraid to look further out of LA. What do you guys think? What would you do with a 350k HELOC to maximize this opportunity.