All Forum Posts by: Zach Logan

Hi I’m newer to investing. I have my real estate license. My question tho is I have 2 paid off rental properties that are worth about 75k each that bring in 1k and 750 a month. The cash flow is just finally starting. I’m looking to buy my uncles property off market for 35k cash. I don’t have the funds and I’m thinking to take a heloc out on one of my properties. Take a 50k heloc out and buy the property for 30k and do the renovations of 20k. I’m not sure what to do after that and what is the correct route to go. Should I flip it and sell it for 80k pay off the heloc and pocket the profit and use it for another deal? Or should I rent it out for what I believe would be 900 a month and just pay the heloc with the rent? What is the better option in the long run. I am 26 years old and trying to set myself up for financial freedom in 10-15 years. I appreciate any response and thank you