Rehab/HELOC?

I will be closing on a property next week. My intentions are to do the repairs and have it ready to rent in less than a month. I spoke to the bank yesterday, and the lady said there are no seasoning issues for a HELOC. Is this true?

Comments(2)

  • Stockpro9910th July, 2004

    Generally true as it is a "second" on the property.
    [addsig]

  • arborlis10th July, 2004

    There's not a first, I'm paying cash. Will that make a difference?

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