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Updated over 1 year ago on . Most recent reply
![Luke McKenzie's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2006676/1626453397-avatar-lukem227.jpg?twic=v1/output=image/crop=200x200@0x0/cover=128x128&v=2)
Using Hometap to start investing
Hello, new investor here. I'm considering using Hometap for cash for our first investment property. Does anyone have experience or opinions regarding this? My credit isn't perfect, and I own my own business, machine shop, so income can look less than steller, however my wife and I have a lot of equity in our primary residence - so we though this could be a great option.
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@Luke McKenzie I used Hometap for cash to buy an investment property and not having any monthly payments as a conventional heloc helped me stabilize the property without having the burden of monthly payments! Great product and easy process!