All Forum Posts by: Elijah Morin

 Appreciate it, I will look that direction 

I have decided to look into a heloc, I'm a bit newer into realest state investing, I have completed a couple of fix%flips this year, I currently use hard money for the purchase with 10% down and I cover 100% of the rehab, with that said even just doing a couple of homes at a time, I find myself around 200k out of pocket, I think it would be a bit easier on myself and wife if we utilized a heloc vs just cash, my primary should appraise around 1.1m and my mortgage is 640k, I'm looking at pulling about 250k for a heloc, I don't want to refi the home and cash out as I only want to pay interest on funds as I use them ( I know I won't always be using the heloc cash) 

Any advice or even knowledge for people in a similar situation, and anyone have a referral for a Heloc?

 Appreciate the reply, I think I'm on the same page, not sure why did it on the last home really 

Does anyone else get inspections before they start demo? I recently did on a property and I'm not sure if it was worth it, if you get a inspection what do you get a 4 point a full inspection? If any of you local Florida people can recommend a inspector in manatee that would be great... I'm closing on another property on Friday and I'm trying to decide if it's a waste of money 

New Member here, I live in palmetto, I'm looking to grow my business, I'm new to real estate investing but not new to home investing, I own c2cmobilehomes.com amd sell roughly 400 mobile homes a year but all on rented land, I'm in the middle of my 1st real property investment, hoping it goes good and I have many more in the future, if there are any wholesalers in the area of manatee Sarasota I'm looking and ready to buy rehab properties...