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Updated over 6 years ago,

User Stats

6
Posts
2
Votes
Lukas Parsons
  • Triad, NC
2
Votes |
6
Posts

Using a HELOC on paid off home vs cash for BRRRR investing.

Lukas Parsons
  • Triad, NC
Posted
So I'm in a unique situation where I own a property worth around $213,000 that is paid off. No mortgage. I also have access to about $30k cash through a bond that I can tap into. I have not yet purchased a rental property ever. My question is this: should I be focusing on tapping into that 30k for down payment and rehab on a property? Or should I be looking for deals where I can use a HELOC to minimize my personal cash investment and improve cash on cash roi? Thanks for your responses.

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