I own my home outright and I’m wondering if using a Heloc to buy investment property is a good idea. I do have cash in savings a d investment accounts too. Please help. Thanks 

Investment Info:

Single-family residence fix & flip investment in Greeley.

Purchase price: $230,000

Cash invested: $15,800

Purchased a SFH that was previously a rental and in need of cosmetic fix...

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In the state of Colorado - if I were to buy a foreclosure HOA lien for $9,500.00 and the property value is $165,000.00...
What would happen to the first and second mortgages?

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