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Updated about 6 years ago,
Refinance vs HELOC vs Hard money lender to finance first flip
I have the option of refinancing my first investment house vs a HELOC on the same house vs getting a hard money loan to finance my first flip. I am leaning towards going with the refinance because it offers the lowest rate and overall cost, but I'm afraid to place my home in harms way in case something goes wrong. I understand that it is a gamble and that if I use all the right tools and do my homework, I will minimize my risk and will be successful. Any thought or suggestions.
Thank you
Igor