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Updated 7 months ago,

User Stats

2
Posts
1
Votes
Ana Lidia Standing
  • New to Real Estate
  • Kansas City
1
Votes |
2
Posts

What would you do if you were a first time buyer?

Ana Lidia Standing
  • New to Real Estate
  • Kansas City
Posted

I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? it has been very difficult to find a house that makes send for BRRR since I have to use the HELOC for downpayment and possible repairs I am very limited. Most part of the houses that will qualify for the loan should be in livable conditions, and it looks like they don't need much work, so it might not be able to do BRRR. So, in your experience, what have you done or what would you do?

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