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Updated over 5 years ago on . Most recent reply

User Stats

35
Posts
25
Votes
Eric Malone
25
Votes |
35
Posts

Help me understand Heloc Refinance Repeat

Eric Malone
Posted

Please explain how this works. Im looking to take out a heloc on my first first property and use it as a down payment on a rental property. What i dont understand and need help breaking down is im told to refinance the new rental property which would then pay off my heloc. Then i would just repeat.  How does this work? and explain how refinancing would pay back my heloc.

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