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Updated almost 17 years ago,

Chris Pelletier's profile image
Chris Pelletier's profile image
Chris Pelletier
  • Real Estate Investor
  • from Northfield, Massachusetts
  • Member since Mar 10, 2008
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101
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Chris Pelletier's profile image
Chris Pelletier's profile image
Chris Pelletier
  • Real Estate Investor
  • from Northfield, Massachusetts
  • Member since Mar 10, 2008
Connect
Chris Pelletier
  • Real Estate Investor
  • Northfield, MA
0
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101
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Rehabbing & House Flipping

Is this possible?

Chris Pelletier
  • Real Estate Investor
  • Northfield, MA
Posted

situation...you purchase a bank owned home using a hard $ lender. Fix up the property. Before you sell, refinance and take out a home equity line of credit. Pay yourself through the HELOC to avoid taxes. Is this possible? Legal? Does it even make any sense? Don't know where I heard this, I could have dreampt it for all I know!! :lol:

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