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Updated almost 3 years ago,

Nicholas Knaebel's profile image
Nicholas Knaebel's profile image
Nicholas Knaebel
  • from Saint Clair Shores, Michigan
  • Member since Jan 4, 2017
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User Stats

32
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12
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Nicholas Knaebel's profile image
Nicholas Knaebel's profile image
Nicholas Knaebel
  • from Saint Clair Shores, Michigan
  • Member since Jan 4, 2017
Connect
Nicholas Knaebel
  • Saint Clair Shores, MI
12
Votes |
32
Posts
Starting Out

Use a Heloc to invest?

Nicholas Knaebel
  • Saint Clair Shores, MI
Posted

Hey everyone! I am looking to use the equity I bought up in my personal residence to fund a house flip. I have roughly $161k in equity and more in liquid assets. I am thinking HELOC, as I can pay off and then re-use the money to fund a 2nd flip. Also, I can have no payments until I am ready to use the money.

Does this sound like a sound strategy to an experienced investor?

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