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Updated over 1 year ago,
How to use equity to fund new development.
I have a duplex in Maine that I have a ton of equity in. It also has a mobile on the property, all three units are long term rentals.
I want to use that equity to get a loan to pay for a well, septic, and mobile home at a property I bought in Joshua Tree, San Bernardino County California.
I've never done a HELOC before, is that what I should be looking at for this project?