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Updated over 4 years ago,
First time BRRRR'ing- Input about your initial payment method
Hi Team BP- As a newbie looking to jump into the BRRRR game for the Illinois market (North/West Suburbs of Chicago), I was interested in hearing how you financed your first deal & in hindsight, if you would have changed the method. Now as I know this is a redundant topic covered on BP, take it easy on me, simply looking to have tailored responses from similar situations from those once in my shoes from the market. My current situation is such that my primary residence has enough equity built to allow for a HELOC or home equity loan that would cover in full the investment, hence why I am considering either avenue. Feedback on your thoughts here or referral on 'who' I should be connecting with to weigh out the options & terms for both courses of actions?
Thanks in advance!