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Updated over 7 years ago,

Mike Joesph's profile image
Mike Joesph's profile image
Mike Joesph
  • from Chicago, Illinois
  • Member since Apr 23, 2017
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21
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1
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Mike Joesph's profile image
Mike Joesph's profile image
Mike Joesph
  • from Chicago, Illinois
  • Member since Apr 23, 2017
Connect
Mike Joesph
  • Chicago, IL
1
Votes |
21
Posts
Creative Real Estate Financing

Is this HELOC idea good?

Mike Joesph
  • Chicago, IL
Posted

Is it a good potential idea to take out 120k from my HELOC buy an investment property in cash, light rehab.. rent it out for great positive cash flow for two years, then sell after two years to avoid capital gains taxes and make a profit?

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