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Updated over 6 years ago on . Most recent reply

Cameron Lee Brown's profile image
Cameron Lee Brown's profile image
Cameron Lee Brown
  • Rental Property Investor
  • from Kingsport, TN
  • Member since Nov 17, 2018
  • Posts 26
  • Votes 22
  • Experience 7 Yrs
  • Investments 1

User Stats

26
Posts
22
Votes
Cameron Lee Brown's profile image
Cameron Lee Brown's profile image
Cameron Lee Brown
  • Rental Property Investor
  • from Kingsport, TN
  • Member since Nov 17, 2018
  • Posts 26
  • Votes 22
  • Experience 7 Yrs
  • Investments 1
Cameron Lee Brown
  • Rental Property Investor
  • Kingsport, TN
22
Votes |
26
Posts
Buying & Selling Real Estate

Using a HELOC as a downpayment

Cameron Lee Brown
  • Rental Property Investor
  • Kingsport, TN
Posted

Hi all,

I'm in the process of getting a HELOC on my investment property and want to use it as a down payment to purchase a small multifamily. Would I be able to transfer the funds directly to the lender from the HELOC as a down payment, or would I have to transfer the funds to my checking account and let them 'season' for 2 months? I know that it probably varies from lender to lender.

I'd any advice or tips. Thanks!

Cameron

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