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Updated about 5 years ago on . Most recent reply

Keith Martinez's profile image
Keith Martinez's profile image
Keith Martinez
  • Rental Property Investor
  • from Cornelius, NC
  • Member since Jul 10, 2019
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Keith Martinez's profile image
Keith Martinez's profile image
Keith Martinez
  • Rental Property Investor
  • from Cornelius, NC
  • Member since Jul 10, 2019
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Keith Martinez
  • Rental Property Investor
  • Cornelius, NC
5
Votes |
16
Posts
Rehabbing & House Flipping

HOME EQUITY -Getting Started

Keith Martinez
  • Rental Property Investor
  • Cornelius, NC
Posted

Hi all. I am looking to fund a fix and flip deal. My home is currently paid off and has about 400k of equity. Should I use it to fund deals or is this a bad idea?

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Arlan Potter's profile image
Arlan Potter's profile image
Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter's profile image
Arlan Potter's profile image
Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
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1,603
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

@Keith Martinez

Never ever.

My home has been paid for since it was built in 1992. Never had a mortgage, never will. I have been in the REI business for almost 20 years and have always made it stand on its own. Very little of my own money invested.

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