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Updated almost 5 years ago on . Most recent reply

Michelle Montilla's profile image
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Michelle Montilla
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Michelle Montilla's profile image
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Michelle Montilla
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Michelle Montilla
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Starting Out

Should I use equity to BRRR?

Michelle Montilla
Posted

I currently live in a SFH over 10 yrs (FHA loan) I am being advised to get into a conventional. I want to purchase my first property rental out of state. Question is should I take A HELOC or use OPM? Thank you for ant feedback

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Ed Emmons
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Ed Emmons
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Ed Emmons
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Ed Emmons
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  • Milford, ME
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The rates on a HELOC will be usually much better and there usually isn't the time restraints as private money. So for those two reasons I use HELOC or other lines of credit.

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