All Forum Posts by: Paul Graham

Thanks for all the replies! @Tyler Work I have a good sized family living in our primary residence so a live in flip isn't likely to work well at this stage. This is the same reason we aren't able to do a House-Hack like @James Carlson recommended. However, with the growing equity in our primary home, I figure we can somehow use that leverage to fund our first rental or flip. James, you asked about a HELOC providing enough capital to fund a down-payment, and you're right, but it would be nice to pay back the HELOC and pay down some unsecured debts with a flip. Then perhaps use the HELOC again to buy a rental (unless our first flip yields a large enough profit to fund the next one).

As of now I'm still learning and spending time exploring property searches, Redfin, Roofstock, etc. to get more comfortable with the playing field. 

Thanks @Justin Windham! I appreciate the welcome and resources. 

Hello all! I'm Paul from Colorado Springs, CO and I'm convinced that real estate investing is the best long term wealth building strategy. I'm at the nervous and cautious stage, but am trying to educate myself as much as I can before diving in. We have a decent amount of equity in our primary home so I'm hoping to secure a HELOC, then possibly Flip my first investment to build the capital needed for a Rental property. This path may change as I gain more knowledge, so feel free to share your advice with me!

Excited to be here and hopefully optimistic about moving forward in the world of REI!