All Forum Posts by: Amber Jeter

@Christian Bachelder Thank you for the prompt response! So the bare land is zoned residential but was burnt a few years back and is now in the center of a major burn scar. The value has recently gone back up to what I had purchased it for. The single family home was purchased at close to retail value and would say ARV is around $300k-$325k with $10k-$15k invested into the rehab Would a HELOC be a smart option for me to use from my primary residence? Also would lenders loan on an investment property with a HELOC as a down payment from primary residence? Thanks again :)

Hi BP family! I need some input about leveraging my free and clear properties in California for rental properties and fix and flips. A little background. 30 years young, credit score of 730, no debt, I have my CA real estate license but haven’t worked under a broker for a few years. I currently own 10 acres free and clear with a value of 60k and a SFR on 5 acres that I bought in May for $250,000 cash. The home needs updating but is livable, so slowly renovating the kitchen, bathroom and floors while I live here. I recently discovered bigger pockets and have listened to a lot of financial freedom audiobooks. I want to use the money from these two properties to create income and wealth to become financially free but am having a hard time getting started on the right path. I’m open to creative ways of funding deals using some of the equity or possibly selling these properties to fund better investments. Any and all info is greatly appreciated. Thanks!