I got a 50k HELOC now what??

[David Hollenberger]

I am getting a 50k HELOC on my personal residence that I will be using to jump start my real estate investing career however, im just curious to what everyone would do with it if they had it. To help paint the picture in my market you can buy 3-1 sfh in class c to c- neighborhoods for 20k-40k or 50k-80k in c+ or b- neighborhoods. B neighborhoods would typically be 80k and up. Personally, I will be making my first deal in the first half of the year but I am having a hard time deciding what kind of price range and area to start with. The C range I would most likely pay cash with the HELOC and try and pay the property down as fast as possible to repeat the process. The C+ or B- and B areas would most likely be a combination of my HELOC and a partner. I have run the numbers on houses in each of these markets and believe I have some deals waiting for me if I could just pick a strategy. Let me know what you would do if you had a 50K HELOC to start!