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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Jonathan Perez
  • Covina, CA
2
Votes |
11
Posts

I own 2 properties. What should I do next with a heloc?

Jonathan Perez
  • Covina, CA
Posted

Hello everyone,

Ive been a long time lurker on these forums, but usually never post. I live 20 minutes East of Los Angeles and Today I wanted to reach out for some advice.

I currently own a duplex and a condo. I have about 140K in equity in the condo I bought back in June (I put 20% down and rehabbed it) and will be pulling a HELOC on it.

-A lot of people are uncertain how the market will shape out after all this covid-19 situation is over. Would it be wise to jump into a BRRRR at this time?

Other then doing a flip or BRRRR with a HELOC what other strategies do you guys recommend to use with a HELOC?

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