HELOC'S, are they worth considering?

Question

Investors come in different sizes and levels of experience, from small or newbies to seasoned investors. And just like and tradesmen, experience often means knowing which tool to use, and when to use it. That brings me to HELOC's.

"Are you using your HELOC as the whole solution-or one piece of the capital stack, and why?"

I'd especially like to hear from investors who have actually used one. What worked? What didn't? And would you structure it differently the next time?

James Irvine · Answer

Great example, Greg. Using a HELOC almost like your own hard-money line for short-term opportunities is exactly one of the uses I had in mind.

The flexibility can be valuable when timing matters. Have you typically used it for acquisitions, rehab costs, or both?

Greg Kasmer · Answer

@James Irvine - I've used HELOCs, but typically for short-term needs - almost like my own hard money lender. For me, it shaves off a few percentage points in interest. I have yet to utilize it for long-term capital.

HELOC'S, are they worth considering?

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