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All Forum Posts by: Alex Boursiquot

Alex Boursiquot has started 1 posts and replied 1 times.

New Member Introductions

Post: advice on how to start investing

Alex BoursiquotPosted
  • Posts 1
  • Votes 0

Hi,

I have been following this forum for over a year now. This is the best place to find valuable education regarding Real estate. I have saved 50 K cash and my house is paid off and currently worth 250 k. I am eager to start flipping. My plan is to take a HELOC and purchase a property to flip. However, I am still pondering this decision as I am a safe person. I am really scared of debt .

Would it be better to get a hard money loan or a get a HELOC for 10 to 15 years so I can start investing ? I am a registered and I make over 90K a year but It would take me roughly 2 years to save 50 more K.

0 Votes