Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
General Real Estate Investing
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 over 2 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Luke Boff
  • Real Estate Agent
  • Columbus, OH
4
Votes |
19
Posts

best way to fund a deal

Luke Boff
  • Real Estate Agent
  • Columbus, OH
Posted

I have been stuck trying to decide the best way to purchase my first investment property. I really like the idea of BRRRR but funding the deal is what I constantly get stuck up on. I have a decent amount of personal funds from savings as well as a HELOC on my primary residence. Off the top of my head I would like to use a conventional loan but when I tell the lender that I plan to refinance within 6 months or less they tell me that I won't find any lender that will allow me to do that. On the other hand do I use the HELOC and personal funds to purchase a smaller property, renovate it and then refi out. Using my personal funds could tie up a lot of my capital for an extended amount of time. Any and all advice is always appreciated!

Loading replies...