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Updated about 4 years ago,
Best option to take ?
Hello BP community...
I’ve been reading about real estate investing for some time now and I’d like to see what would be the best route for me to get myself into it.
I own a property already.. paid for. It isn't valued much as of right now due to it needing repairs. As of right now I believe it is worth 70K. ARV 150K. Would it be a better investment for me to get a HELOC Or any loan to improve my property or would it be wiser to get HELOC and reinvest it into another property? I've been reading about BRRR and wondering if with this it is a possibility.
Any information/guidance would be appreciated. I am located in Atlanta,GA if that changes anything.