All Forum Posts by: Kahi Jelf

i agree! That is what i was planning, I guess now is how should I get the funding. should i use my heloc then refinance it when i rehab it then pull it back out to put back in my heloc? or find funding somewhere else? thank you 

I would do that if interest rates were actually low. my current interest rate is 2.5% so i don’t think i would want to give that up.

Hi everyone, still pretty new to the investing game. I currently have a home that i’m living in and now have an opportunity to buy my first investment property. The owner of the home is from a family friend, parents past away and kids just wants to let the property go. So I asked if i could buy it and now it’s a verbal commitment. So as of now i paid off all my dept and putting cash aside. I don’t have enough for a down payment but i do have quite a bit of equity in my home. looking for some insight on how i can get a low down payment or should i use my equity, plus funds to fix property.