Leveraging First Time Home Buyers

[Jeffrey Sheridan]

Hello BP Friends, 

I am looking into leveraging our FTHB status. First, I must say my wife does not want to house hack. I know that is the best option, but at this not time it is not something we are looking to do.

What I was thinking was buying a property that needed renovations, working on the renovations throughout the first year, and then renting it out (or still live in it), but taking out a HELOC for a down payment on the next investment property.

Thanks,

Jeff