Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Illinois Real Estate Q&A Discussion Forum
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 over 4 years ago,

User Stats

2
Posts
1
Votes
Daniel Zierk
  • Rental Property Investor
  • Chicago, IL
1
Votes |
2
Posts

First time BRRRR'ing- Input about your initial payment method

Daniel Zierk
  • Rental Property Investor
  • Chicago, IL
Posted

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!

Loading replies...