All Forum Posts by: Nathaniel Dean Morrison

I apologize if I wasn't clear on my question, I didn't really go into my plans for how I would invest as I didn't think it really pertained to my question, yes I know I should not purchase a rental using a HELOC and certainly that wasn't the plan.

Whether it be a flip or brrrr, I would use some investment vehicle that would allow me to pay back the money.

Roll into as when I purchase my next primary home, use the equity towards the house.

The premise of my question was just is owning a home expensive enough now to where it'd be worth putting more money towards it when purchasing to lower payment/pay off quicker, or would it still be worth it to use all of that money towards other real estate. 

A question I have been pondering within myself for some time and figured here would be a good place to get an answer.

I currently own a home that has close to 100k in equity in it, we plan to move in 3-5 years to our long term house and would be sizing up a fair amount.

So my question is should I use the equity to fund investments/projects, or should I save it and roll it all into my next house so I can have it paid off sooner/lower my monthly. I normally feel like it'd be a no brainer to get a HELOC and use it to invest, but with rates and housing costs, I wasn't sure if it'd be worth to use on the primary.

Appreciate any response, just wanted some insight on what other's though.

Kindest Regards.

In the process of trying to find houses to flip, newer to the scene and very motivated. I've been attempting to find some local wholesalers to be put on their lists.

Located in Lansing, Michigan, does anyone have ideas on how to find local people, or are there any on here looking for more buyers?

Appreciate any and all help.

Curious peoples thoughts, I have some equity in my home, probably around 60k I would say. I am interested in peoples thoughts on what to do with it.

I could use the money as a down payment for a rental property, I would just need to make sure the profit covers not only that property, but my new equity loan, which I feel could be a challenge to find a property that cash flows that much.

Or I could look at doing a flip, and just use the equity and a hard/private money loan, then just pay it off afterwards.

What does everyone think the best use of this money would be?

I'm sure this has been asked/posted a million times, but I'm struggling to figure out the best route to begin my investing/portfolio. I feel like I have a few options and none of them are necessarily wrong, just don't know which to start, and I feel if I try starting multiple different routes at once, may lead to failure.

Flipping is what I believe to be the best place for me to start, build up some capital so I can aggressively go into rentals once I do. I have a decent amount of equity in my house, as well as family members interested in flipping with me, with a very large amount of equity they would be willing to use.

I also am interested in rentals, whether single family or multi family, interested in both STR/MTR, as well as regular rentals. With my equity I could easily get the down payment for a rental, as well as I qualify for the VA loan, and would like to take advantage of that.

I guess my question is should I focus on just one strategy, or should I just do whatever the market throws my way, whether its a rental or a flip. I don't want to end up having analysis paralysis, but also don't want to start off on the wrong foot.

Any advice is greatly appreciated, trying to learn all that I can!

Thank you,

Nathan Morrison