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Updated about 10 years ago,
House jumping & acquiring HELOC's along the way?
So I recently got a HELOC on my primary residence and have been hearing that I am unable to do get those on investment properties; my question is this: would I be able to move out of my primary residence to purchase another, rent this place out keeping the HELOC in place, then get a new HELOC on the new primary?
I'm trying to think of creative ways to fund deals (just got Brandon's book for Christmas but haven't read it yet) and was wondering if this would work? Also, any other advice would be appreciated as I am trying to have the ability to acquire multiple properties quickly, if good deals are present.
Thanks!