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Updated 15 days ago,
HELOAN for hard money reserves
Good evening team! Glad to be part of this network. I've done 1 rental property and sold it to gain capital and did 1 flip that didn't go so well so not 100% experienced to say the least. I wanted to get back in the game again but don't have much in reserves that most if not all HML require. I got approved for a HELOAN on my primary property but not sure if I should take the loan to just use as "leverage/reserves" to show the HML and get funded. Any tips/tricks would be greatly appreciated.