Hi, all! I just received my real estate license back in June and the original plan was to use it for my husband and I to flip properties. I now find the BRRRR method more interesting and better suited to our needs. We both are very knowledgeable in renovating and can get most of the work done ourselves. We recently bought our forever home back in Feb. and have completed some great projects, all with the money from our previous property. We have a good amount of money to work with (in the equity of our current home) if we found the right property to purchase. My question is, is it better to do a HELOC to get the cash out for our first purchase and then pay that off when we get a conventional loan on it? Any suggestions or advice for newbies would be fantastic. We really want to get started as soon as possible but we're both very nervous.
