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All Forum Posts by: Kelsey Outram

Kelsey Outram has started 1 posts and replied 2 times.

Thank you all for the helpful info. Couple other questions: Is it better to do an upfront conventional loan or pay upfront cash then do a cash out refi? Is there more savings doing one or the other? Secondly living in the bay area is difficult to get your own home so has anyone started investing in properties before even buying their own home first?

Hello All,

New member here and I am looking to invest in turnkey properties based on the comfort of a more hands off approach but I am also trying to understand the logistics of being able to take out a home equity loan or HELOC after closing the deal on the property, whether that be right after or in a couple years. Are there extra obstacles in doing this with the property coming from a TKP? How quick is the turnaround for getting a home equity loan completed in order to get cash out and put it towards another investment property? Is this a risk that is taken depending on the investor's tolerance or is this just never a wise decision? Thanks for any advice and glad to be a part of this amazing community.