Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

You need to make sure you're working with someone whose sending you personalized deal flow that actually meets your buying criteria.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.  

Your ability to connect with them on a personal level matters more than your offer.Think about it:  • The “Used Car Salesman” is only focused on closing the deal as fast as possible.

I personally started in my local real estate market in Columbus Ohio.

The setup felt like a personal connection all in pursuit of getting your business.  90% of it was done by AI and the other 10% came when a live rep was available.

The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

Of course most GPs have personally put in money to keep the deals from sinking.

Hi Leslie,I had a conversation today with a member of Jerome's Team and was advised the program cost $10K.