If you had access to a $900k HELOC, what would you do with it?

[Alvin Uy]

Ok.. so I was able to pull $900k+ worth of HELOCs between 2 of my 5 properties.   I decided to temporarily leverage some of that equity into a property Im flipping (ground-up/new construction) here in Los Angeles.  The plan is to pay it back once the property sells with some profit.   So now, Im wondering what other investments I can leverage it into next...

What would you do if you had access to $900k+ HELOC?! I'd like to hear some ideas or other strategies.... and why you strongly feel about it.

[Jay Hinrichs]

just make sure U read the fine print on those helocs  IE the provision to call or freeze them .. 

if I was using them for reposition ( which is what I would do not long term buy hold down payments to high of leverage in the top of the cycle).. then I would evergreen the amount you need to finish the project.

in the last downturn I made a lot of rescue loans to flippers who had used their helocs to do their rehabs .. when the helocs got LOCKED they were stuck..  so either have cash in the bank or if its a 100k project take the entire 100k out day one so you know u have funds to finish it.. you wont know your heloc is frozen until after the fact  IE you go to access it and it wont work..