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All Forum Posts by: Jesse Dickens

Jesse Dickens has started 11 posts and replied 21 times.

Post: Using a HELOC to start investing and velocity banking

Jesse Dickens Posted
  • Rental Property Investor
  • Denver, CO
  • Posts 22
  • Votes 10

I am a new investor from Denver looking for my first deal (probably out of state). I don't have much in the way of personal funds to start investing, but I probably have around 75k available if I were to take out a HELOC. I would like to start the process of velocity banking simultaneously to pay off my mortgage quicker with less interest paid. Has anyone ever used this combined strategy of using a HELOC for both of these strategies? Any suggestions on how to find the right HELOC or a calculator that helps guide through the velocity banking process?

Thanks

Jesse Dickens