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Updated 6 months ago,

Michael Bishay's profile image
Michael Bishay's profile image
Michael Bishay
  • Member since Jun 13, 2020
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41
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13
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Michael Bishay's profile image
Michael Bishay's profile image
Michael Bishay
  • Member since Jun 13, 2020
Connect
Michael Bishay
13
Votes |
41
Posts
Creative Real Estate Financing

HELOC for Down Payment on a Section 8 Property a good Idea?

Michael Bishay
Posted

Hello Fam! 

I got a HELOC on my primary residence for about 400k. I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio. Then renting them to Section 8 Tenants. I figure 25k per property can get me to about 16 SFH (Give or take).

Any opinion on this? 

Akron, Ohio
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