Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 15 days ago on . Most recent reply

User Stats

8
Posts
3
Votes
Kayenta Saucier
3
Votes |
8
Posts

New, Hopeful Investor

Kayenta Saucier
Posted

Hi All, I am new to investing but I have been a contractor in Connecticut for 26 years now. I am determined to close on my first deal this year. I am leaning for a fix and flip since I am very comfortable with the construction side of things. I do not have a ton of capital so I would have to use a hard money lender, (who I have already met with). I am considering using a HELOC to cover my skin in the game. I would prefer to find a partner/investor, but I have not been unsuccessful so far. I feel like this is the best option available right now. Any thoughts or suggestions to doing this?

  • Kayenta Saucier
  • Most Popular Reply

    User Stats

    1,581
    Posts
    1,051
    Votes
    Benjamin Aaker
    • Rental Property Investor
    • Brandon, SD
    1,051
    Votes |
    1,581
    Posts
    Benjamin Aaker
    • Rental Property Investor
    • Brandon, SD
    Replied
    Hi Kayenta and welcome to the forums. 
    Partners can help but often have different needs/motivations than you. If you can use your HELOC and avoid partnering, that might be preferable. Just make sure that the new property can cover the HELOC payments as well as its own mortgage.
  • Benjamin Aaker
  • Loading replies...