HELOC to finance rental property of flip

[Robert Peeples]

I have 58k equity in my primary residence. I'm interested in using this to invest in more real estate. Considering the Jacksonville market, should I use some of the equity to buy an inexpensive property and rent it; or should I flip a property.

Who have you used for lending in North Florida?

Thanks for the feedback

[Josh Stanley]

@Robert Peeples....great question.  I am asking the same thing myself.  These days I seem to have an equal amount of Questions & Answers.  

To help all those in a similar boat, I am kicking off a virtual (online) meet-up for Jacksonville Real Estate investors starting Jan 14th. It will be every Monday from 12-1pm & its designed to accommodate busy professionals (with day time jobs).

It will be via Webex, so you can join from any online connection or just by audio conference only. Come if you can....but dont sweat it if you are busy that week.

There is no cost & no obligation....This group is intended to be a brown bag (lunch) sharing session for those interested in Jacksonville, FL investments. Bring your Questions, Challenges & Opportunities to discuss as a group and we can meet likeminded local investors & help each other all grow our business together.