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Updated about 9 years ago on . Most recent reply

User Stats

32
Posts
2
Votes
Christopher Yates
  • Real Estate Investor
  • Spring Hill, TN
2
Votes |
32
Posts

Experience using HELOCs?

Christopher Yates
  • Real Estate Investor
  • Spring Hill, TN
Posted

I have been reading up on HELOCs and using them in REI. Does anyone have experience converting the mortgage on your primary residence to a HELOC and then using that to fund your deals? Supposedly by doing this you can pay off your residence in 5-7 years while investing. Are there any tax ramifications or red flags that I should know about?

I appreciate any feedback and have a blessed Easter!

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