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Updated about 4 years ago on . Most recent reply

User Stats

13
Posts
17
Votes
Derek Idstein
  • Rental Property Investor
  • Charlotte NC
17
Votes |
13
Posts

HELOC vs. Hard Money For Flip

Derek Idstein
  • Rental Property Investor
  • Charlotte NC
Posted

Hello BP-

I am evaluating the best route to fund my first flip. Looking for feedback, comparison, and the pros/cons of using Hard Money vs. HELOC.

Thank you!

Most Popular Reply

User Stats

6,408
Posts
2,655
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Brent Coombs
  • Investor
  • Cleveland, OH
2,655
Votes |
6,408
Posts
Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Derek Idstein, firstly, you need to trust your deal.  Once that's accomplished, why wouldn't you use the cheaper of the two options? ie. HELOC. Cheers...

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