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Updated over 1 year ago,

User Stats

19
Posts
7
Votes

First investment property

Nadia Bipialaka
Posted

Good morning, I am looking for my first investment property and wanted to get some advice. I pulled a HELOC (interest only) and unfortunately the money is sitting. I'm looking at homes in the Philly area up to 150k including rehab. What advice do you have for me as far as using all the HELOC to fund the project vs just using some of it for a down payment and getting a hard money. Some may think this is a stupid question, but please I just don't want to make the wrong move as I'm still learning. Any advice greatly appreciated. The goal is to BRRRR.

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