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Updated 9 months ago,
HELOC Exit Strategy?
I'm looking into acquiring my first HELOC on my California rental for OOS cashflow investing but struggling to come up with viable exit strategies to get out from under the HELOC and essentially rinse and repeat. The only method that really comes to mind is BRRRR, which I am not opposed to, but would prefer something a little simpler for a first time deal.
Similarly, I'm making an assumption that it might be possible to use a combination of HELOC and DSCR loans on something a bit more turnkey for the initial purchase and then refi into conventional after a year or two rental income?
I'm sure there are other strategies available and would greatly appreciate all insight others are using to pay off and reuse their HELOCs.