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Updated over 9 years ago,
Home Equity Loan/Line of credit
Hello Everyone,
I have a house that sits on 18 acres and it is my primary residence. It is all paid for and I was wondering how to go about getting a HELOC in order to fund deals. I was orignially going to save cash through wholesaling and then phase into buy/hold, which is ultimately my overall goal. Now, I still want to wholesale becasue I really like it, however if I could get a HELOC and use that to fund a deal to create cash flow that would be awesome. How do I get an HELOC? What qualifications are needed, paperwork etc. If I have this asset right at my fingertips then I really want to capitalize on. Any advice, tips, suggestions and recommendations would be greatly appreciated!