Best Use for Heloc's??

[Brandon Elliott-Pandey]

Hey everyone! I recently made a post on one of my social media channels (Tiktok) about a Heloc and it blew up!! I am curious to see what actual investors here are using it for and how thier returns have been?

Mind sharing some wins here? Thanks in advance!

[Allan Smith]

Heloc should only be used for short term projects, ideally in the 6 month range. Use it as a down payment or even pay full cash using it, but make sure that property has an exit strategy ready to execute in less than a year.

not only is this good financial sense, it's also how banks judge your creditworthiness when they look at your heloc activity.