Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago, 11/10/2021

User Stats

31
Posts
8
Votes
Sadierose Saucier
  • Real Estate Agent
  • Plainfield, CT
8
Votes |
31
Posts

How to grow with a HELOC?

Sadierose Saucier
  • Real Estate Agent
  • Plainfield, CT
Posted

Hi everyone!
Long story short, my fiancé and I house hacked a 3 family for a few years. We bought another duplex to house hack this past February, keeping our first 3 family.
We are cash flowing $500/mo at the first 3 family now that we are moved out and when we move out of the duplex we will cash flow $500/mo from that one as well. 
We have 2 open HELOC's, one on each property for $30,000. We have an FHA loan available to us that we would like to buy the next property with.
To use the BRRRR method and use the HELOC to purchase more properties, how do you continue to cash flow well when you now have another mortgage to pay?
Also, we are having a hard time in this market using an FHA loan.

We just feel stuck. Our goal is at least 2 properties a year. Thank you for an recommendations or advice. 

Loading replies...