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Updated over 5 years ago,

User Stats

48
Posts
6
Votes
Vincent Q.
Pro Member
  • Rental Property Investor
6
Votes |
48
Posts

Heloc as down payment then refinance

Vincent Q.
Pro Member
  • Rental Property Investor
Posted

Hello All,

Can anyone give advice on if this is a good way to invest. I have one single family investment property.

I am looking to get a Heloc and buy a second investment rental property.

Is this a good strategy.

Heloc to obtain the property which would be 20% down plus closing costs.

Get a tennant in place.

Then refinance and pay back heloc

Your advice, comments, and suggestions would be a big help.

Please help me!

  • Vincent Q.
  • Loading replies...