1st Investment Advice

[Matt Bilewicz]

Looking to make my first investment and I find myself gravitating toward the following strategy/theoretical scenario. How does this sound? What questions should I be considering?

1. Purchase + rehab with HELOC "cash." This way I can pay cash, close quickly, and command a better purchase price.

2. Cash out finance. Having initially paid cash with a HELOC, this lets me avoid a double closing.

3. Pay off the HELOC balance.

4. Repeat.

Thanks in advance for the insights and advice.