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Updated over 2 years ago,
HELOC Real Estate Investing
Hi, I have lived in my primary home for 8 years and have a good amount of equity in it. How could I go about using a HELOC to buy 1-2 rental properties? Would it be the down payment or buy it full price with one big HELOC?
Also, which is smarter using a HELOC or business line of credit to buy my next 2 remtals? I have heard the HELOC is a great way to go but I want to make sure if I do I can refinance it into a 15 year note.
My question is which route is the best in using the equity in my home to add 2 more turnkey properties?