All Forum Posts by: Alex Knights

 Thanks! Will do. 

Done!

Hi All:

I'm new investor based in Southern California and looking to do some flipping in Tampa, Florida. Can anyone recommend a real estate agent that's excellent at picking homes for flipping? 

Thanks in advance,

Alex

So as I'm processing everyone's responses from my introduction, here are my challenges (in my head):

1. I'm using a HELOC so buying and holding a multifamily unit is not the most desirable. I should BRRRR and pay back the HELOC, repeat. Do I have that right?

2. If I have it right in #1 above, my next challenge is due to being interested in investing out of state, turnkey properties would be more desirable. That being the case, how feasible is to have a BRRRR strategy on turnkey properties given the desire the pay back the HELOC, then repeat?

I'm guessing it is possible to buy and hold on a HELOC but scaling up would be problematic. Wondering if it makes sense to partner up for some flips first using the HELOC, build up some cash, then get into the multifamily investing.

Your thoughts are welcomed. 

So as I'm processing everyone's responses, here are my challenges (in my head):

1. I'm using a HELOC so buying and holding a multifamily unit is not the most desirable. I should BRRRR and pay back the HELOC, repeat. Do I have that right?

2. If I have it right in #1 above, my next challenge is due to being interested in investing out of state, turnkey properties would be more desirable. That being the case, how feasible is to have a BRRRR strategy given the desire the pay back the HELOC, then repeat?