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Updated almost 3 years ago,

User Stats

4
Posts
4
Votes
Luis Vecchio
  • New to Real Estate
  • Grand Rapids, MI
4
Votes |
4
Posts

Using primary residence equity to place an all cash offer?

Luis Vecchio
  • New to Real Estate
  • Grand Rapids, MI
Posted

Hello everyone, I'm looking to buy my first property and have been striking out. I have significant equity in my personal residence, enough to purchase a house outright in my market. Would it be feasible to take out equity, from primary residence, to buy a house all cash and make my offer more appealing? If so what means would be the best to do that, a HELOC, cash out refi in my primary residence, etc? Thanks for all the help in advance!

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