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Updated over 4 years ago,
Hard Money Lender vs HELOC
My personal home is worth 90k and my partners home is worth 50k. Shouldnt we HELOC our homes to buy a BRRRR instead of a hard money lender? If I buy the BRRRR correctly (<70% ARV-repairs) wont I save a lot of money using a HELOC instead of HML and the interest they will charge? TY