I am breaking into real estate investing and have extensive experience in condo / townhome law and association laws.

To answer your questions:-We’ve seen success with a wide variety of strategies; we have clients with buy-and-holds, house hacks, BRRRRs, and flips.

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

And buy 2 replacement properties.1.

Quote from @Julia Havia: These are big projects and be sure that you are doing it all within the city scope of what they want for the property.

I’d also prioritize getting pre-approved, securing financing, and starting small to build experience and momentum.Good luck!

Day 1: Securing the Property & PlanningIf you’re getting ready to rehab a house, the first thing you need to do is lock it down and get your paperwork in order.🔹 Step 1: Secure the HouseBefore anything else, slap a lockbox on the door and get some keys made.

My most recent was insured through Steadily and they used Foremost.

I have a capital gain taxes question:if I sell my home for 510k and provide the seller 10k seller credit towards escrow costs, would I be paying capital gains taxes in California for that additional 10k?

You don’t have to use it like short-term debt—you can pull from it strategically and pay it back at your own pace.