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Updated over 8 years ago on . Most recent reply

Shelly Scruggs's profile image
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Shelly Scruggs
  • from Baltimore, Maryland
  • Member since Sep 16, 2015
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Shelly Scruggs's profile image
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Shelly Scruggs
  • from Baltimore, Maryland
  • Member since Sep 16, 2015
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Shelly Scruggs
  • Baltimore, MD
3
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Buying & Selling Real Estate

HELOC

Shelly Scruggs
  • Baltimore, MD
Posted
I applied for. HELOC on my primary residence and was approved. I have 3 days to rescind. I don't have a deal lined up but searching. Should I have waited to find a deal first before applying for HELOC?
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Caleb Rigby's profile image
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Caleb Rigby
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  • from Layton, UT
  • Member since Mar 4, 2016
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Caleb Rigby's profile image
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Caleb Rigby
  • Investor
  • from Layton, UT
  • Member since Mar 4, 2016
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Caleb Rigby
  • Investor
  • Layton, UT
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Caleb Rigby
  • Investor
  • Layton, UT
Replied

@Shelly Scruggs, I did the same thing as you. Once I got approved, that seemed to really put my mind into a different mindset. Now money wasn't the problem - finding the right deal was. With my new goal of finding a house to flip it became easier to stay focused on potential deals and easier to sort out the good from the bad. I'm just starting my 2nd flip now and I can't wait to continue to pick up more.

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