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Updated over 3 years ago on . Most recent reply

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15
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Nicholas Bossert
  • Buffalo, NY
5
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15
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HELOC to BRRRR advice ?

Nicholas Bossert
  • Buffalo, NY
Posted

Hello! I am in Western NY and I am a new investor. I currently have 1 duplex, and I am looking to grow my portfolio. I am beginning the education process on the HELOC to BRRRR strategy. If anyone has any real life tips, lessons, or DO's/DONT's, I would greatly appreciate the advice. Thank you for your time!

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Replied

It doesn't sound like you are house hacking that duplex so if you are looking for a HELOC on that property just be aware that they can be a little more tricky to obtain. PenFed is one lender that I have heard good reviews on doing a HELOC on an investment property though. I also think it is a good idea asking for help, if you are able to take action, that humility can take you a long way!

Keep growing Nicholas! Good work!

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