Can I use a HELOC to take-home pay closing costs on a investment property?
Answers:
not to verbs it is completely lawful!
Yes, as long as it is secured by existing property. The source of the down allowance and closing cost for an investment can come other types of secured loans resembling title loans, however surrounded by no baggage can any portion of lolly needed for closing be from a unsecured loan or credit card. Investment property purchases typically do not allow gifts any.
Hope this help!