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Updated almost 6 years ago on . Most recent reply

User Stats

34
Posts
14
Votes
Wes Barnes
  • Rental Property Investor
  • Lubbock, TX
14
Votes |
34
Posts

Using Hard Money to buy & HELOC to Pay Off

Wes Barnes
  • Rental Property Investor
  • Lubbock, TX
Posted

Hello All,

My question is can you use Hard Money to purchase and rehab a property, then turn around and get a Home Equity line of credit on the property in order to pay off the Hard Money Lender as well invest the remaining cash in additional properties.

Thank you all for your feedback.

Very Respectfully

WTB

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