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Updated almost 4 years ago on . Most recent reply

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Rodney Williams
  • Investor
  • Antioch, TN
0
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1
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Does This BRRR Strategy Work

Rodney Williams
  • Investor
  • Antioch, TN
Posted

So I bought a 2,200 sf duplex in Nashville for 140k. It got appraised at 305k! I got a HELOC at 85% LTV and am using no more than 40k of the 118k I pulled out in equity to renovate the property. I was considering utilizing the remaining HELOC money as a down payment and rehab money for my next property.

Is this a dumb idea? Is there a more efficient way to make the most out of my current situation?

  • Rodney Williams
  • Loading replies...