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Updated over 5 years ago,
Heloc as down payment then refinance
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!