Quote:
Originally Posted by bimmer456
I was saying for now you might have to use a heloc but in buying the new property if the heloc is just a downpayment maybe do a cash out loan to avoid opening another loan. Or maybe you can do on all cash deal and flip it if that's possible with the heloc money.
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Yes... thats exactly what im planning doing... all cash buy and flip. I have 5 investment propeties that i can pull Helocs on (possibly access to 1.5m ). Plenty enough to do all cash buy and flip.
I can’t qualify for conventional loans anymore due to having too many properties (even though all of them are rented and cash positive)... I never understood this. So having to resort to tapping my Helocs.