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George Baal
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First time, HELOC for capital?

George Baal
Posted Apr 9 2024, 14:19

Purchased a home during the pandemic, value has gone up roughly 2.5(estimating), believe i have enough value in a HELOC to get a down payment on a second home.. is it a wise decision to add that to my plate then rent the first house for mortgage payment+? OR should i avoid the HELOC all together and look for capital else where..?

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