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Updated 9 months ago,
HELOC vs Hard Money for a flip
Hey, everyone looking for some advice in regards to financing a potential flip.
I have about 100k in equity in my primary residence and have heard some success stories in using HELOCs for flips. In my market, you can find a home that needs 20k in repairs for 30k-50k.
My question is, is it a good idea to capitalize on the HELOC opportunity if I find a solid deal? Or should I rather seek a hard money lender?
These are the only two options I am looking at. Don't have dp for a conventional.