HELOC to Buy Investment Property | Do It The RIGHT Way

HELOC to Buy Investment Property | Do It The RIGHT Way! If you are considering using a home equity line of credit to buy an investment property or a rental property than you need to watch this! Using a HELOC to buy that rental property is a great idea and can help supercharge your real estate investing journey! BUT there are some pitfalls you need to beware of. It is very unlikely that HELOC will have a long term fixed rate on the money that you borrow, so it is imperative that if you are using a HELOC to buy an investment property that you have an appropriate exit plan to convert back to fixed rate debt! I use a couple of examples in this video illustrating my use of a HELOC to complete the BRRRR strategy. If you want the full video detailing that BRRRR strategy project you can check it out here -    • My Second BRRRR Project | MY BEST DEAL YET!   Time Stamps 00:00 Intro 1:08 Know Your HELOCS terms 2:11 HELOCS and adjustable interest rates 03:04 HELOC to BRRRR strategy 05:34 HELOCs are just a tool in your toolkit 05:58 HELOCS are disappearing 08:04 HELOC to flip a property 08:57 Pay your HELOC down FAST 09:15 What if you can’t refinance your HELOC 10:25 HELOC as the down payment for a mortgage FOLLOW ME ON INSTAGRAM HERE -   / millenialmike