Househackers with new equity, What are your plans?

[Kyle Curtin]

Goooood morning everyone!

   I have a question that I would love to hear folk’s opinions on. Due to the craziness of the market for the past year +, many folks (especially househackers) likely have a reasonable amount of equity in their properties from the rapid forced appreciation of buyers paying considerable amounts over asking. 

I am personally looking to take out a HELOC with an LTV as close to 100% as I can get, to then begin to leverage existing relationships I have built over time to raise capital through equity/debt partnerships and take down a 6-10 unit value add in Worcester/Middlesex county in the near future.

I have heard of investors taking out their heloc’s to purchase other 3 family owner occupied multi’s, input it into bigger deals with other local investors, and put it into syndications.

What are your plans? 😁