New Investor in Need of Advice

[Eric Newcomb]

Hello my name is Eric. I am looking for some advice in my investing/flipping career. A bit of background of myself:

I used to be a construction superintendent in Boston building 30-100 unit apartment buildings. I left this to start my own small general contractor/carpentry business with the focus being on flipping homes for myself as well as starting a real estate investment career.

I renovated my current home (was a fixer when I bought it 3 years ago) and now have around 100k+ equity if I were to sell. If I were to rent my current home, I could cash flow roughly $800/month. I recently bought another home I am planning on moving into that is also a fixer upper.

With all that said, my question is do I sell my current home and take the cash now or do I rent my current home and take a HELOC on it to fund my future flips?

Thank you!

[Corbett Brasington]

You can do both. You can rent it and take a HELOC.