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Updated about 4 years ago on . Most recent reply

User Stats

26
Posts
7
Votes
Dan W.
  • Flipper/Rehabber
  • Columbia MD
7
Votes |
26
Posts

From $0 to $10,000/ month with a HELOC!

Dan W.
  • Flipper/Rehabber
  • Columbia MD
Posted

Hypothetical:

Bob is 35yrs old and lives in Maryland. He is married with a 2 year old, he has a house (with mortgage) that he owns and has a HELOC on it for $200,000. He has $50,000 in cash (not including money in savings for emergencies). Bob's wife is a stay at home mom, raising the child.

Bob's day job is high stress, long hours and he has a dream of turning his real estate passion into $10,000 per month cash flow and walking away from his job of padding his boss's pockets as opposed to his own.

What is the fastest route from $0/month cash flow to $10,000/month cashflow using the tool of $250,000 cash availability? 

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