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Updated almost 6 years ago,
Strategy to acquire properties
My plan is to find foreclosures/short sales selling for 80% of their vale, put 20% down, then when the time comes Cash out refi my 20% down payment and put it into another property and repeat. My question is can I use a HELOC to pay my 20% downpayment on a property at 80% of value and then cash out refinance and pay my HELOC off?