Interesting comparison between the first and second lien HELOC strategies. Lve how this highlights the need for thorough vetting and understanding HELOCs to ensure they align with your financial goals and lifestyle.
How risky is the first lien HELOC if the market crashes and you are still required to make your payment and you don't have any access to your income from the HELOC to pay your monthly bills. I guess one would have to try to deposit their income somewhere else to use for living expenses. Thoughts.
Interesting comparison between the first and second lien HELOC strategies. Lve how this highlights the need for thorough vetting and understanding HELOCs to ensure they align with your financial goals and lifestyle.
Awesome information!
How long after you are approved for a heloc, does the money need to season in your bank account to then purchase real estate?
As soon as you have the money in hand.
Do you offer training with certification?
Awesome
The number one risk in all investments isbthe individual.
How risky is the first lien HELOC if the market crashes and you are still required to make your payment and you don't have any access to your income from the HELOC to pay your monthly bills. I guess one would have to try to deposit their income somewhere else to use for living expenses. Thoughts.
You might want to look at the housing crash of 2008/2009. 1st lien Helocs performed infinitely better than traditional mortgages.