All Forum Posts by: Chris Ambs

Thank you Todd, good advice. In my situation I have a primary/ conventional mortgage and a Second Mortgage (HELOC) originally to finance our primary home. We did this to avoid a jumbo loan and Mortgage insurance. The intention was to pay off HELOC quickly, as the interest is significantly higher. So now I'm looking to refinance into one mortgage, and pay off the HELOC as a primary goal.

Now (assuming primary goal is successful/ makes sense) I'm wondering if I just save up until I have enough to pay cash for a home to BRRRR or if I find a good deal before that do I just go ahead and use that freed up HELOC?

I have a HELOC on my primary residence, and I want to use that line of credit to fund buying and rennovating a distressed property. Has anybody done this sucessfully? What difficulties or unexpected issues did you encounter?

Hi, new to the game, but big fan of the books and podcast. Has anyone in Orlando or Central Florida been able to get good deals using foreclosure.com ?