Interested in house flipping… using HELOC .

[Anna Davis]

Okay so I have always been interested in housing/real estate and I work a 9-5 focused on housing. I recently took out a Heloc on my primary home to do a repair and consolidate some debt. Now that that’s done I am looking into use the rest of the funds at a foreclosure auction to acquire my first investment property. Since I am just beginning I am just looking to make a quick sale to build capital. My thoughts are that if it’s in good enough shape I can sell to a consumer buying with a mortgage company or if needs work sell to an investor for a discount to make a profit. My point is I want to avoid paying for the repairs, am I on the right track and is there any advice I should know before my first auction ? Thanks in advance.