All Forum Posts by: Abigail Glover

@Kenneth C. Hello Kenneth. Thank you for your advice, it is greatly appreciated. I just need to decide which way I want to go with funding and pull the trigger.

Thanks again! 

@Andrew Garcia, Thank you for your advice. I hadn't thought about using a HELOC to fund the purchase and rehab, then pay off the HELOC after the property sells. Thanks again!

Hello all, I currently have two rental properties. One has been a rental since 2006 and the other since 2010, I currently have approximately $160K of equity in one rental, with a 3.25% interest rate (VA loan) and approximately $95K in the second one, with a 5% interest rate (Conventional loan). Due to the current interest rates I'm not sure about cash out refinancing on these properties. I want to expand my real estate investing, by getting into flipping a few properties, and building my portfolio with the BRRRR method of real estate investing. What would my best option for getting funding for my first flip? I plan to bid on a property at the next auction in my area, to obtain my first flip property. What is the best way to get funding for an auction? I have talked to a few hard money lenders but, they want you have experience with flips. Advice will be greatly appreciated.