All Forum Posts by: Tyler Smith

@Anthony G yes exactly! Trying to see if anyone has done a deal like this before. 

If you have a bank that will loan on your BRRRR and then refinance through the same bank. Is it worth paying the closing cost twice, with the other fees?? Or is it better to get hardmoney?

@Costin I. Thank you. So you are using the LOC to make all cash offers? When you refinance you just pay that LOC back and take profit?? Is that correct??

Thanks everyone for your input. This is making much more sense. 

Hello everyone im a newbie just getting started. Or trying to get started. Im trying to find ways to fund some of my deals I want to do. I bought a house that was a fixer upper and have about $66,000 in equity. I recently figured out that I can not take a HELOC out on the house to go invest that in rentals. In the great state of Texas. Is this true and are there other options of tapping into this equity to start investing??