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Updated almost 9 years ago on . Most recent reply

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3
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Michael Laurenzano
  • Real Estate Agent
  • Jupiter, FL
0
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3
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Using a home equity line to fund your 1st flip

Michael Laurenzano
  • Real Estate Agent
  • Jupiter, FL
Posted

Hello all. Thank you to Brandon for his amazing audio book. Got my mind going. So, I am ready to start investing in real estate. The quickest way to funding for me is to pull equity from my home. I hear both sides. One side says never use personal property to fund your RE investments and the other says do what ever it takes. I am a "do what ever it takes" but quickly kind of person. I look it like this. If you buy right, spend right, plan for the worse and budget accordingly managing risk with your personal assets can be an option. If I'm missing something, someone please shed light on the subject of using home equity to fund your first few flips, then transition into multi family units with the profits. Basically, flip to buy and hold, rinse and repeat. 

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