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Updated about 1 year ago on . Most recent reply

User Stats

5
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2
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Josue Soria
  • Flipper/Rehabber
2
Votes |
5
Posts

trying to grow single family residential investments using BRRR

Josue Soria
  • Flipper/Rehabber
Posted

I have equity in my primary residence, and in my rental. Is there anyone who has tapped in the equity using HELOC, or any other form of lending to use the BRRR method ? Would like to get some advice, to in order to try to grow this year, thanks!

BTW im in East Texas investing in East Texas 

  • Josue Soria
  • Most Popular Reply

    User Stats

    897
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    419
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    Ko Kashiwagi
    • Lender
    • Los Angeles, CA
    419
    Votes |
    897
    Posts
    Ko Kashiwagi
    • Lender
    • Los Angeles, CA
    Replied

    Hi Josue,

    Both HELOCs and rental property refinance are great way to gain funding for deals. HELOCs come with the advantage of being an open-ended line of credit that can be used as a revolving line of credit. On the other hand, refinancing would provide a fixed rate mortgage that is lower in interest and has less concerns for paying back in the short term as long as the property still cash flows.

  • Ko Kashiwagi
  • 310-848-9776
  • Loading replies...