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Updated about 7 years ago on . Most recent reply

Cory Nolan's profile image
Cory Nolan's profile image
Cory Nolan
  • from Holliston, Massachusetts
  • Member since Nov 3, 2017
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Cory Nolan's profile image
Cory Nolan's profile image
Cory Nolan
  • from Holliston, Massachusetts
  • Member since Nov 3, 2017
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Cory Nolan
  • Holliston, MA
5
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8
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Starting Out

Thoughts on using a HELOC for my first investment

Cory Nolan
  • Holliston, MA
Posted
Hello everyone! I am considering using a HELOC for a down payment on my first investment and I wanted to get everyone’s opinion on this strategy and if it’s a good strategy or not? Thank you!
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Linda S.'s profile image
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Linda S.
  • Investor
  • from Richmond, Virginia
  • Member since Aug 11, 2016
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Linda S.'s profile image
Linda S.'s profile image
Linda S.
  • Investor
  • from Richmond, Virginia
  • Member since Aug 11, 2016
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Linda S.
  • Investor
  • Richmond, VA
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Linda S.
  • Investor
  • Richmond, VA
Replied

@Cory Nolan,

That's what we did, and it's worked great-- very cheap financing!    I'm guessing you aren't just doing cash deals, so make sure  to season the money for at least 2-3 months as banks will be wanting to see everything and anything to get an investor loan!

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