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Updated almost 6 years ago on . Most recent reply

Gaurav Mehta's profile image
Gaurav Mehta's profile image
Gaurav Mehta
  • New to Real Estate
  • from San Jose, CA
  • Member since Aug 28, 2017
  • Posts 91
  • Votes 23
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

91
Posts
23
Votes
Gaurav Mehta's profile image
Gaurav Mehta's profile image
Gaurav Mehta
  • New to Real Estate
  • from San Jose, CA
  • Member since Aug 28, 2017
  • Posts 91
  • Votes 23
  • Experience 6 Yrs
  • Investments 1
Connect
Gaurav Mehta
  • New to Real Estate
  • San Jose, CA
23
Votes |
91
Posts
Private Lending & Conventional Mortgage Advice

Possible to use HELOC for buying Probate Sale Property

Gaurav Mehta
  • New to Real Estate
  • San Jose, CA
Posted

Hi,

I am looking to make an offer of 650K for a Probate Sale. I am however short of 150K. This will be an investment property. However it is not livable since it needs repairs that I plan to do once I buy.

Looking at different options to get the 150K. Is it possible to use HELOC from my primary residence and use that as funds to buy the probate sale property. My equity in current home is 600K.

Thanks

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