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Updated about 8 years ago,

Reggie Burnett's profile image
Reggie Burnett's profile image
Reggie Burnett
  • from Springfield, Tennessee
  • Member since May 11, 2016
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User Stats

27
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5
Votes
Reggie Burnett's profile image
Reggie Burnett's profile image
Reggie Burnett
  • from Springfield, Tennessee
  • Member since May 11, 2016
Connect
Reggie Burnett
  • Springfield, TN
5
Votes |
27
Posts
Starting Out

Interest only payment Heloc to finance first deal

Reggie Burnett
  • Springfield, TN
Posted

I'm looking to acquire my first deal this month.  We are looking to finance it with an interest only heloc (against our pesonal home).  Hope to have a total balance of 90k (for purchase and  rehab).    You guys think this is an ok approach?  Obviously looking to flip and pay off the heloc with the proceeds quickly.

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