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Updated 7 months ago on . Most recent reply

Troy Wade's profile image
Troy Wade's profile image
Troy Wade
  • New to Real Estate
  • from Maryland
  • Member since Dec 25, 2023
  • Posts 4
  • Votes 1
  • Experience 1 Yr
  • Investments 1
Connect

User Stats

4
Posts
1
Votes
Troy Wade's profile image
Troy Wade's profile image
Troy Wade
  • New to Real Estate
  • from Maryland
  • Member since Dec 25, 2023
  • Posts 4
  • Votes 1
  • Experience 1 Yr
  • Investments 1
Connect
Troy Wade
  • New to Real Estate
  • Maryland
1
Votes |
4
Posts
Starting Out

Exploring Real Estate Investment Options

Troy Wade
  • New to Real Estate
  • Maryland
Posted

I currently own a property under a USDA loan, which has $100k in equity and generates $250 a month in cash flow from rent. I'm looking to purchase another home or undertake a flip. What options do I have for financing this next venture? Would using a Home Equity Line of Credit (HELOC) be a good move? I originally purchased this property as a vessel for real estate investing and am uncertain about the best next step. Could anyone provide recommendations on the most effective strategy for expanding my real estate portfolio?

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