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Updated about 6 years ago,
Creative financing with helocs?
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