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Updated 9 months ago,

User Stats

41
Posts
17
Votes
Matt Smith
17
Votes |
41
Posts

What to do with 140k HELOC?

Matt Smith
Posted

I have 140k on a HELOC, and I'm wanting to know the best route to take to invest it. I currently have an airbnb in the Tampa Bay area which is performing well. I also bought a new primary residence last year and have been house hacking it. The plan for that is either rent out my room or convert it to a sober living facility. Either option would cash flow around $300/m. It's time now for me to move onto the next property. I'm learning about BRRRR strategy right now, and would love to utilize it, however dont want to burn all my capital on one property. I currently also wholesale in my market and am looking for deals on my days off from my W2. Ultimately, I want to quit my job (of course), move to a new area and focus on REI. What is the best route to take now that it is time for me to move onto my next property? Thanks

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