Creative ways to maximize 30k

[Brad Gibson]

Hi BPers. So im looking for any input out there or creative ways to maximize my profit on a live in flip. Here is a few different scenarios im looking at(im leaning towards the first one).

1. I found a triplex in distress that the seller is willing to sell for a whopping 19k. It needs a new roof and is vacant at this point but I own a identical triplex next door so I am confident in the purchase due to how well things went with the one I own now(that property cashflows $850/month which I paid 21k). So what im looking at doing is paying cash for the property which would use up majority of my cash after my estimated 8k renovation. I would like start flipping after this property is fully occupied so I could have it appraised and use a HELOC for my next purchase.

2. The other scenario is I could easily finance the property which seems kind of crazy considering ill probably have to pay a few thousand in closing cost on a 19k purchase. This way I could keep a large chunk of my cash for the next purchase vs. paying interest rates on a HELOC.

Any suggestions or other ideas on using this $ to its full investing potential! Im All Ears!

Thanks.