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All Forum Posts by: Matthew Bayne

Matthew Bayne has started 1 posts and replied 2 times.

Sacramento Real Estate Forum

Post: Looking for General Contractor in Sacramento Area

Matthew BaynePosted
  • Posts 2
  • Votes 3

Hello, I was just about to post about needing a GC in the Sacramento area as well. @Eduardo Aguilar and @Gabe T., would you mind forwarding that information to me as well? It would be greatly appreciated. 

0 Votes
Sacramento, California
Starting Out

Post: Should I use a HELOC or wait

Matthew BaynePosted
  • Posts 2
  • Votes 3

Hello all, this is my first post on Bigger Pockets and was just wondering if anyone has any advice for me. 

I'm currently live in a SFH I bought in California back in 2015. I still have a mortgage on the house but I have quite a bit of equity in it. It still needs some work to be ready to rent. I've recently retired from the military so I have a small but steady income.

I feel like I have an advantage here by being in a house with so much equity but I'm not sure what to do. Should I wait and save some money for my next investment? or take out a Home Equity loan on my house, to either fix up my current home to rent out or invest in a different property? Or maybe something I haven't even thought of?

Any advice is greatly appreciated,

Matt

3 Votes