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Updated about 5 years ago,
First rental property paid cash
Hi Everyone, I recently bought my first rental property in a small city in Kentucky and I currently live in Tennessee. Which I paid cash for the property so I dont have a mortgage on this property. I'm doing the rehab on this property as I speak. My credit score is not that good at the moment. But I'm looking to get some advice on which way to go. My plans are to get some capital so I can BRRRR this property and move onto my future property to BRRRR aswell. Would a HELOC work for me? Or do I have any Luck with me having bad credit at the moment. What should I do? Dose anyone have some advice I can take?
Thanks
Lawrence Turner