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All Forum Posts by: Jim Hewitt

Jim Hewitt has started 1 posts and replied 1 times.

Rehabbing & House Flipping

Post: Investing with a HELOC

Jim HewittPosted
  • Bellevue, WA
  • Posts 1
  • Votes 0

My wife had an idea to make some money by flipping houses. Using money borrowed through our HELOC she wants to buy a foreclosed house and then fix it up (I'll do the work) and then flip it. I am reluctant to use the equity in our home to do this. Is this a common practice this or is this as risky as I feel it is?

0 Votes