How did you use your HELOC?

[Jesus Lopez Jr]

Good evening everyone!

I just got notice today that I have been approved on my HELOC and want to get some insight how other people have used their HELOC for real estate investment purposes. I would like to hear anything from flips, BRRRR, etc.

I’m still up in the air as to how I want to use mine and would like to hear your stories and how everything turned out from beginning to end.

Thanks for your input!

[Caroline C.]

@Jesus Lopez Jr we've used our HELOC's several times over the years to either be the down payment for buying an investment property, or to pay cash for the property and refinance later. Always for buy and holds. When we draw down the line of credit, we always work to pay it back as quickly as possible to avoid paying too much interest, and to have the line available to us if we find another investment we want to make. The nice thing is that you can use the line over and over and over again, depending on what your cash needs are at a moment in time.