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Updated over 3 years ago,
Using heloc as down payment
I am curious what people's thoughts are on using a HELOC as down payment on home that aren't going to refinance high enough to get money out to then cover your drawn HELOC amount. In my mind this leads to "tying up" your capital and dog lowers the cash flow as your going to be paying the mortgage and the HELOC off with whatever it rents. Am I missing something with this or are there other options in this scenario??