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All Forum Posts by: Justin Kocian

Justin Kocian has started 2 posts and replied 2 times.

My primary residence is totally paid off, and worth around $160,000. I've done some research on HELOC and HEL, and am trying to figure out what the best course of action would be to get the funds to either purchase a property in full or put a down payment on one or two SFRs to use as buy and hold properties.

If I'm understanding this correctly, I could pull out a percentage of the value of the home and use that as a low interest loan with the HEL, and with the HELOC, I would use the value of the home as a credit card basically? I'd only need about $50k - $80k at most. Is there something I'm missing or maybe another option I'm not aware of?

Hey everyone!

New investor here. I'm still in the early stages of this awesome journey, and am looking to meet or get in touch with some investors in Wharton. I'm really excited!