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Updated over 6 years ago on . Most recent reply

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4
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Brian Sullivan
  • Rental Property Investor
  • Charlotte, NC
0
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4
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Creative financing with helocs?

Brian Sullivan
  • Rental Property Investor
  • Charlotte, NC
Posted
I am beginner in this realm of real estate investing...I am trying to wrap my head around creative financing and I have a question. I am having an inability to save the 20% down on a rental property. I do own a home with considerable equity. Can you buy a rental property with a HELOC as a cash buyer? Secondly, after said purchase is finalized can you conduct a cash refi on that rental property and in turn pay back that HELOC? Lastly can you continued ur this process as a rinse and repeat? Thank you for your time

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