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Updated almost 9 years ago, 01/09/2016
HELOC after a cash-out refi?
Hi guys & happy New Year! I just recently did a cash-out refi on my rental property at 75% ARV. Is it possible to take out a HELOC on the remaining 25% equity for a down payment on my next rental property? (The cash-out isn't quite enough to cover everything.)
Just wondering if anyone's done this, thanks! :-)