Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
HELOC vs Cash-Out-Refinance for fix and flip
What would you recommend?
I plan on using the equity in my home for a fix and flip project in Chicago. The plan would be to acquire, rehab and sell within 6 months. For this would you recommend a HELOC or cash out refinance, and WHY?
What are the main differences between the two?
Also any recommendations on a bank to do this with that offers good rates, will borrow above 80%LTV, and will cover the appraisal.