HELOC or hard money?

[Josh Mac]

What would be the better choice on doing a flip or a rehab for a rental a heloc or hard money loan?

[Jonathan Greene]

HELOC is closer to cash when you are buying since there is no appraisal and you can use the funds as you wish. Hard money is called cash, but it's not, as there is still a modified appraisal on the ARV. So, if you are bidding in a competitive market, a HELOC will serve you better because you can show a proof of funds of the money in your account.