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Updated over 5 years ago,
Cash Out Refinance question
Confused about a cash out refi with BRRR. Does it make sense to take out a HELOC for 80K. I buy the home for 60K, rehab lets say 10-20K. Since Id own the house outright, can I or do I (does it make sense) to cash out refinance to pay off the heloc? I guess I am trying to figure out if I use a HELOC, does it only make sense to flip to pay it off?