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Updated about 4 years ago,

Joshua Klempner's profile image
Joshua Klempner's profile image
Joshua Klempner
  • New to Real Estate
  • from Philadelphia, PA
  • Member since Oct 2, 2019
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5
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1
Votes
Joshua Klempner's profile image
Joshua Klempner's profile image
Joshua Klempner
  • New to Real Estate
  • from Philadelphia, PA
  • Member since Oct 2, 2019
Connect
Joshua Klempner
  • New to Real Estate
  • Philadelphia, PA
1
Votes |
5
Posts
Creative Real Estate Financing

HELOC on Owner Financing

Joshua Klempner
  • New to Real Estate
  • Philadelphia, PA
Posted

Hello,

I just closed on an owner financed deal. I took title at closing and put 25% down and signed a promissory note to the seller for the remaining balance. I am wondering, if I approached a lender would I be able to take a HELOC on this property or would the promissory note prevent that.

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