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Newbie Advice: 100K HELOC - Where do I start?
Hello Everyone! Complete newbie here but have always had an eye for RE. We've lived in our home for 4 years now, within the last year our home went from an Appraised Value of 245K to 325K creating over 100K equity from which we are now able to draw a HELOC to start investing. We are hoping this is a good starting point for future investments...any suggestions on where we should start? Is 100K truly enough these days to pick up a deal that generates cash flow or even for a flip?
Thank you in advance for your responses!