Home Equity Line of Credit

[Brian Kreitz]

What are everyone's thoughts on a HELOC? I am not a big fan of leveraging my personal residence(up to about 90%) but the numbers come out better using a HELOC vs hard money. The profit in the flip would only be around $2,000 more using HELOC but my total out of pocket expense would be $8,000 less than hard money. Is it worth leveraging my personal residence(hopefully for 6 months or less), paying less out of pocket, and making 2k more or should I leave my residence out of it make a little less and have more money tied up for 6 months?