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If I have a HELOC am I essentially a cash buyer?
I'm looking to make an offer on my first investment property within the next couple of months. I know that speed is essential in finding good deals, and I hear a lot about cash offers or cash buyers closing quickly. I have a lot of equity in my home, and I'm wondering if getting a home equity line of credit, or if getting pre-approved for a home equity loan essentially makes me a cash buyer.
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Contact Dan, search articles and posts on X, monitor coverage, and track replies from one place.
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