HELOC in conjunction with private/hard money

[Amanda Paugas]

Hello lenders! I'm looking to buy a duplex REO and I'm wondering if there are lenders that allow use of a HELOC as the down payment/rehab costs in conjunction with fix and flip loans? I just did a DSCR and tapped out my 401k. Exit strategy is to BRRRR. Thanks!

[Katarzyna Lach]

I would check with the lender you are working with, but this is definitely possible and has been done by many many investors. If you are working with hard money lender I don't think even think the money needs to be in your account for it to "majure". If you are looking for a great hard money lender reach out to Joe Latson from Backflip, and I am sure he will happily answer any questions you might have.