Would you consider to do All in one loan?

[Sammie Xiao]

What’s the pros and cons? Thank you!

[Sherry McQuage]

Not sure if we are talking about the same thing...my husband and I did and All in One loan (AIO) with CMG Financial (Merchants Bank was the lender).  We used it to tap the equity in our primary residence.  Bought a fixer, extensively updated the fixer, then sold it.  Put all profits back into the AIO (paid down the principle).

The balancing of the AIO checkbook is a bit tricky (I figure it out, then forget most of it by the next time I balance it).  

Looking for the next real estate investment to buy. This time, I want to BRRRRR. We would use the AIO to buy and remodel the next property. The AIO turns the equity in your primary residence into a "cash machine"...you can write checks to tap the equity, or use the debit/credit card. Used responsibly, it beats having to get loans from lenders every time you see a property that you want to buy...of course, the amount of equity you have to tap, your financial discipline, and the ability to screen deals makes a world of difference.