Closing on 50K HELOC SATURDAY!

[Faith Wicks]

Anyone have recommendations on the right strategy to use it and get us going for long term growth & low risk? It’s on our primary home and we want to Invest In the Memphis or N Mississippi area. Do we need to save up cash reserves first or as we go? Do we need to find a property that already has long term tenants? Do we need to go the Section 8 route? Do we need to transfer it to an account and then use it for multiple down payments on 3-5 cash flowing properties if we can find them?

[Ned Carey]

@Faith Wicks Congrats on getting the HELOC. How best to use it will depend on your goals, you need for cash flow, your risk tolerance, your overall current financial situation, and your personal strengths and interests.

All I can say at this point is keep learning here and the path forward will start to become more clear.