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Updated almost 4 years ago,
I’m running into problems.
I'm trying to start investing 29 years old and my wife is 26. We have some debt under us we also have some equity. Brandon gave me the idea to get a HELOC instead of a cash out option on our refinance. Well local bankers have said to do a commercial line of credit opposed to a HELOC. House will be appraised for the line of credit. However, when we bought the house since we bought so low they had a hard time appraising it due to the amazing purchase price. The appraiser at the time said houses like ours range from 115,000- 125,000$. I feel like every time I turn around I feel as if I'm just getting shot down and shot down in the investing side of real estate. Any guidance would be great.