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Updated almost 5 years ago,

Crislie P.'s profile image
Crislie P.'s profile image
Crislie P.
  • Rental Property Investor
  • from Montclair, NJ
  • Member since Jun 25, 2019
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User Stats

37
Posts
9
Votes
Crislie P.'s profile image
Crislie P.'s profile image
Crislie P.
  • Rental Property Investor
  • from Montclair, NJ
  • Member since Jun 25, 2019
Connect
Crislie P.
  • Rental Property Investor
  • Montclair, NJ
9
Votes |
37
Posts
Rehabbing & House Flipping

HELOC or LOC for a downpayment

Crislie P.
  • Rental Property Investor
  • Montclair, NJ
Posted

What are your thoughts of using a HELOC or LOC for a downpayment then use a fix and flip loan to fix a house, sell then pay off the HELOC or LOC. We don't want to touch our reserve so debating and looking for thoughts if anybody has done this before

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