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Updated about 5 years ago on . Most recent reply

Robert Palladino's profile image
Robert Palladino's profile image
Robert Palladino
  • Architect
  • from Philadelphia
  • Member since Jan 25, 2019
  • Posts 68
  • Votes 26
  • Experience 17 Yrs
  • Investments 2
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User Stats

68
Posts
26
Votes
Robert Palladino's profile image
Robert Palladino's profile image
Robert Palladino
  • Architect
  • from Philadelphia
  • Member since Jan 25, 2019
  • Posts 68
  • Votes 26
  • Experience 17 Yrs
  • Investments 2
Connect
Robert Palladino
  • Architect
  • Philadelphia
26
Votes |
68
Posts
Buying & Selling Real Estate

Purchasing property with a HELOC

Robert Palladino
  • Architect
  • Philadelphia
Posted

Has anyone purchased property using a home equity line of credit, HELOC? I curious to hear your experiences, good & bad.

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Justin K.'s profile image
Justin K.'s profile image
Justin K.
  • from East Texas
  • Member since Sep 28, 2018
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Justin K.'s profile image
Justin K.'s profile image
Justin K.
  • from East Texas
  • Member since Sep 28, 2018
Connect
Justin K.
  • East Texas
138
Votes |
205
Posts
Justin K.
  • East Texas
Replied

I have purchased three homes with the same $30k from a HELOC on my primary home. BRRRR the crap out of home, get the snowball formed, get the snowball rolling down hill, get the snowball velocity and momentum, HELOC just becomes a LOC for emergency use and buying quickly.

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