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Updated almost 3 years ago on . Most recent reply

John DeWitt's profile image
John DeWitt's profile image
John DeWitt
  • Dr
  • from Huntington Beach, CA
  • Member since Jun 15, 2020
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John DeWitt's profile image
John DeWitt's profile image
John DeWitt
  • Dr
  • from Huntington Beach, CA
  • Member since Jun 15, 2020
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John DeWitt
  • Dr
  • Huntington Beach, CA
0
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9
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Real Estate Deal Analysis & Advice

HELOC for investment properties? Pros & Cons

John DeWitt
  • Dr
  • Huntington Beach, CA
Posted

Have an amazing deal now that we got for 1.4M and is already worth 1.9M. Once we rehab this 1960s home using a hard money loan of 1M, we expect to have at least 1M in equity. Our original plan was to use a HELOC to purchase additional investment properties (either multifamily or single family homes. Is paying cash for a property smarter right now or should we go the 20% down rule?

Orange County, California
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