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All Forum Posts by: Luke Schumacher

Luke Schumacher has started 1 posts and replied 2 times.

General Real Estate Investing

Post: Using multiple HELOC's to buy real estate. Help!

Luke SchumacherPosted
  • Posts 2
  • Votes 1

Hey Joe,

Thanks for the response! So basically there are no limitations to this method? As long as i'm finding properties that cash flow with the heloc payments?

0 Votes
General Real Estate Investing

Post: Using multiple HELOC's to buy real estate. Help!

Luke SchumacherPosted
  • Posts 2
  • Votes 1

Hey Everybody. My name is Luke and I'm starting to get my feet wet in the real estate market here in Charleston, SC. I currently have 3 properties (2 of which are rentals). I took a HELOC out on my current primary residence to purchase my last property. I guess my question is...Can I continue to use HELOC's to purchase more investment properties? Basically I would just get a line of credit on my most recent purchase because that's where the equity currently is. I would just be using the same equity over and over again. Seems a little to good to be true. Help please.

1 Vote