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Updated over 4 years ago on . Most recent reply

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Drew Smith
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3
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New Investor Question

Drew Smith
Posted

Hi I live in the DFW area and I am looking to start buying rental properties. I have about 100,000 in equity in my house that would like to use in the form of a HELOC to buy rental properties with. I want to use my cash flow to pay down the HELOC and keep using it until I achieve a Portfolio large enough to produce a healthy buying power to sustain growth. What do you think of this strategy? Any recommendations?

I am also trying to decide if I should invest in DFW or go out of state with a turnkey type of platform (roofstock or homeunion). Any thoughts? 

Thanks, 

Drew 

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