Heloc to buy and hold?

[Mike Joesph]

Hi!  This is my second question what is the best way to leverage my 300k heloc .. I don't know if the flipping market is that good but the buy hold and investment rental market is amazing in chicago.. is it bad to let money sit in a positive cash flow property or should I refi in 2 years .. any thoughts would be great !

[John Woodrich]

@Jacobus Rex I mentioned I was a CPA for that reason - I am probably the most active MN CPA on here. LOCs are definitely cheaper than HML and have many uses. Biggest advantages are what I mentioned earlier, low closing costs and you don't have to pay for money you don't need.