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Updated almost 3 years ago,
Using a HELOC to Purchase a Duplex
My HELOC is 130K and 4% interest-only payments for the first 15 years. What would you consider to be the max purchase price for me. If you consider a 20% down payment and reserves for vacancies and maintenance? And What CAP rate would you target? Is this a risky maneuver? I still have 30% equity in my home with the HELOC.