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Updated about 2 years ago, 10/29/2022
HELOC using DealCheck
Can anyone tell me if I did this right.. Seems wrong How do I set up a Cash purchase using HELOC then the actual HELOC loan on the app. Or just use 1 loan the HELOC loan. I'm just confused as technically I'm not doing a down payment. Just the heloc payment
Info - Purchase Price of 90k, Rehab of 30k, Interest Rate of HELOC - 6%