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Updated about 8 years ago,
How do I actually use a Heloc and credit lines to finance homes?
Sorry if this is pretty basic. How do I actually use a Heloc and credit lines to finance a RE purchase? Just get a check from each institution?
I spoke to a RE and told them my situation and they asked how I would pay and I told them heloc, credit lines, and IRA (I know you can't mix Ira funds, I work with IRAS for my job). She said okay you are paying cash then? Well can I put my heloc and credit lines together and pay cash? (Together they would be enough but sperately they would probably not be in my area of Minneapolis... but maybe) is this a good strategy using BRRRR or should I try to raise private money first?
Thanks eveyone.