New to Real Estate Investing

[Kemonte Bateman]

Hi All!

First I’d like to say Happy Mother’s Day to the mothers on this platform!

My wife and I are going on two years since we’ve moved to Charlotte from California. Since then, we have watched the market here grow rapidly and with us being first time homeowners in addition to wanting to be financially free, we figured getting into the world of real estate investing would be best!

After meeting with a lender to see what position we are in should we jump in now, we were told that we’re actually in a great spot (better than we expected)!  However, we personally aren’t looking to fully commit until we clear the small debt we have remaining, which should be by the end of this year or beginning of next year.  In the meantime, we are wanting to educate ourselves, become more and more knowledgeable and connect with those along the way for guidance and support. 

That being said, I did have a question regarding thoughts on a couple like us using HELOC to get started in the Charlotte market.

Any feedback is greatly appreciated!