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