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Updated over 5 years ago,
Newbie learning about Turnkey
Hello All,
New member here and I am looking to invest in turnkey properties based on the comfort of a more hands off approach but I am also trying to understand the logistics of being able to take out a home equity loan or HELOC after closing the deal on the property, whether that be right after or in a couple years. Are there extra obstacles in doing this with the property coming from a TKP? How quick is the turnaround for getting a home equity loan completed in order to get cash out and put it towards another investment property? Is this a risk that is taken depending on the investor's tolerance or is this just never a wise decision? Thanks for any advice and glad to be a part of this amazing community.