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Updated over 6 years ago,

Nicole Chang's profile image
Nicole Chang's profile image
Nicole Chang
  • from Alameda, CA
  • Member since Aug 27, 2018
Connect

User Stats

25
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7
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Nicole Chang's profile image
Nicole Chang's profile image
Nicole Chang
  • from Alameda, CA
  • Member since Aug 27, 2018
Connect
Nicole Chang
  • Alameda, CA
7
Votes |
25
Posts
Rehabbing & House Flipping

Using HELOC as down payment on investment property

Nicole Chang
  • Alameda, CA
Posted
I currently own my home in Alameda, CA and owe 531k on my loan. The home was purchased for 834K two years ago and I’m considering using a HELOC to help with my down payment for an investment property that I would like to purchase. Is it best to try to find something to rehab and flip? Or is it best to use a different strategy to help with the down payment and not used a HELOC? Any advice would be appreciated!
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