First time using a HELOC

[Jazzous Anderson]

Hello guys, 

I am a new real estate investor that is currently serving as an active duty Marine. I have two properties right now, one in which I am living in as my primary resident in Hemet, California. I have decided to take action and move away from the analysis paralysis and use a HELOC for my next investment property. My only concern is should I do a BRRR or a fix n flip in this versatile market? I look forward to hearing some tips and ideas to further help me make a better decision.

[Hamp Lee III]

Welcome to BiggerPockets!

I’m active duty Air Force…

I recommend doing what your OPSTEMPO can handle. If you have heavy mission requirements now, get a property you can use as a long-term rental SFH or multifamily and live in one of the units. If you have time, consider BRRR and fix and flip.

Let your assignment dictate what you can do, unless you have a team to help. 

Make sure you max out your VA loan as well. I have three currently.

If you want to talk further, let me know.

I wish you all the best.