ilmscore | Prediction Details
"if you have a helck that's enough money for you to go out and build an Adu to increase the value of your property that's going to take you about a year or so but then in theory if you do increase the value of your property you can go cash out pay back your helck and have gotten basically a free Adu out of it"
By BiggerPockets | July 9, 2024 | Pending
From video
How to Use Home Equity to Buy Investment Property (and Retire!) 00:22:07 - 00:22:22
Interpreted Prediction
Building an ADU using a HELOC can increase property value, allowing for a cash-out refinance to pay back the HELOC, effectively resulting in a 'free' ADU within about a year.

Prediction Details

Topic
HELOC Strategy (ADU Build)

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