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Updated over 9 years ago on . Most recent reply

Ryan Poore's profile image
Ryan Poore's profile image
Ryan Poore
  • from Portland, Oregon
  • Member since Dec 11, 2015
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Ryan Poore's profile image
Ryan Poore's profile image
Ryan Poore
  • from Portland, Oregon
  • Member since Dec 11, 2015
Connect
Ryan Poore
  • Portland, OR
0
Votes |
6
Posts
Starting Out

HELOC question I cannot find the answer to.

Ryan Poore
  • Portland, OR
Posted

So I am looking to buy my first flip at auction. Is it possible to purchase a home at auction with cash and then immediately open a home equity line of credit on that home to fund the flip? I see a lot of people opening a HELOC on their primary residence but I currently rent.

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