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Updated about 2 years ago on . Most recent reply

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New to investing

Posted

I recently wrote a post asking for advice on how to get started. It seems that if I want advice on something I have to ask a specific question. So I will try it that way. So I want to get into investing and yes I know this is not an easy process. Yes, I also know that this is not a quick way to get rich. I looking at this seriously. My goal is to really build a business with this. My reasons are not small and I willing to work hard at this! I'm expanding my knowledge as much as I can. 

I bought a house about 7 years ago and I do not plan to sell the property or rent it out. However, I was thinking about getting a HELCO to me start the journey of investing. 

Would it be a good idea to use a HELOC to do a flip or a Rental? What can I do to actually get started in this business?

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Bob Stevens
  • Real Estate Consultant
  • Cleveland
3,688
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Bob Stevens
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Abigail Rodriguez:

I recently wrote a post asking for advice on how to get started. It seems that if I want advice on something I have to ask a specific question. So I will try it that way. So I want to get into investing and yes I know this is not an easy process. Yes, I also know that this is not a quick way to get rich. I looking at this seriously. My goal is to really build a business with this. My reasons are not small and I willing to work hard at this! I'm expanding my knowledge as much as I can. 

I bought a house about 7 years ago and I do not plan to sell the property or rent it out. However, I was thinking about getting a HELCO to me start the journey of investing. 

Would it be a good idea to use a HELOC to do a flip or a Rental? What can I do to actually get started in this business?


 Yes its a good idea but you are not ready. You need to connect with someone doing deals, find them deals, you will be paid, Learn everything then go on your own 

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