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Updated almost 3 years ago on . Most recent reply

User Stats

8
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1
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Jay Smith
1
Votes |
8
Posts

Seeking Extra Investment Capital

Jay Smith
Posted

Hello there BP family. I read, I watch and I learn a lot from the resources both on this platform and at meet ups. However, I need advice badly! I have a question about how to be creative with this situation I'm in. I want to purchase a turn key STR for sale, that is already income producing at 18%need $50k for my portion of down payment, and have a few options to obtain the funds. First I can pull out money from a primary residence on a HELOC, (only small amount available $50k available), cash out refinance, or just wait until my flip sells ($80k profit) and take proceeds to do STR, or both scenarios so I will have additional money to maybe even buy a 2nd STR. Any advise or additional suggestions is greatly appreciated!!

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