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By using a HELOC to tap into equity, investors can fund new acquisitions, cover renovation costs, or even pay down high-interest debt.
However, it's important to use HELOC funds wisely and carefully manage debt, as failure to do so could result in financial difficulties and potential loss of property.
Investors should also shop around for the best HELOC rates and terms, and have a clear plan for repayment.
Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club
Hosted on Acast. See acast.com/privacy for more information.
By Lane Kawaoka, PE5
11 ratings
By using a HELOC to tap into equity, investors can fund new acquisitions, cover renovation costs, or even pay down high-interest debt.
However, it's important to use HELOC funds wisely and carefully manage debt, as failure to do so could result in financial difficulties and potential loss of property.
Investors should also shop around for the best HELOC rates and terms, and have a clear plan for repayment.
Join the Hui Deal Pipeline Club and secure a personal one-on-one call with Lane! https://simplepassivecashflow.com/club
Hosted on Acast. See acast.com/privacy for more information.