The fear of unknown and the bad potentials, but then sh_t happens and ya remember that we got a choice to lay down and be done in by it or roll-up the sleeves and get to work and be a solution maker. 

If you live there and are currently renting, then there still is a pathway to house hack say a duplex and better your situation.  

I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

Bigger Pockets is a great place for learning and making connections.

They suggest, you buy and place. 

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

This deal taught me the importance of overestimating rehab costs and always having a solid team of professionals on How did you find this deal and how did you negotiate it?

I rehab and also buy and hold.

DetailsCharlotte NC Real Estate Investors, Agents and Professionals!