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Updated over 3 years ago,

Chinazom E Onubogu's profile image
Chinazom E Onubogu's profile image
Chinazom E Onubogu
Pro Member
  • Investor
  • from Fort Myers, FL
  • Member since Aug 9, 2021
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13
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3
Votes
Chinazom E Onubogu's profile image
Chinazom E Onubogu's profile image
Chinazom E Onubogu
Pro Member
  • Investor
  • from Fort Myers, FL
  • Member since Aug 9, 2021
Connect
Chinazom E Onubogu
Pro Member
  • Investor
  • Fort Myers, FL
3
Votes |
13
Posts
Creative Real Estate Financing

HELOC vs Refinance- Which would be ideal?

Chinazom E Onubogu
Pro Member
  • Investor
  • Fort Myers, FL
Posted

I purchased a brand new construction for 309k last year, refinanced in Jan 2021 from 3.6 to 2.7, home appraised at 325k at the time. Now homes are selling in the area for 480-540k. The 480k was the exact same model as mine and size, the 540 was with a pool i believe...I am considering either a HELOC vs cash out refinance to fund my first rehab deal rather than offset savings. Thoughts?

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