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Updated over 12 years ago,

Jim Hewitt's profile image
Jim Hewitt's profile image
Jim Hewitt
  • from Bellevue, Washington
  • Member since Apr 26, 2012
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Jim Hewitt's profile image
Jim Hewitt's profile image
Jim Hewitt
  • from Bellevue, Washington
  • Member since Apr 26, 2012
Connect
Jim Hewitt
  • Bellevue, WA
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Rehabbing & House Flipping

Investing with a HELOC

Jim Hewitt
  • Bellevue, WA
Posted

My wife had an idea to make some money by flipping houses. Using money borrowed through our HELOC she wants to buy a foreclosed house and then fix it up (I'll do the work) and then flip it. I am reluctant to use the equity in our home to do this. Is this a common practice this or is this as risky as I feel it is?

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