The initial goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties.

Investment Info:Single-family residence fix & flip investment.

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

We were able to get financing through Legacy Homes, the terms are roughly 10 years with a fixed rate of 7.9% for the first 2 years then Walstreet Journals Prime plus roughly 4% (Kinda pricey after two years potentially), 10% down which covers the home, taxes and transport.I have a third home coming in tomorrow and then I will stagger them out. 

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment.

Should I take out equity in the home towards a crash pad and/or doing some minor upgrades on the home OR should I save up to get into air BNB arbitrage to increase my money flow and put that towards fixing the home and eventually obtaining a crash pad.

If I know I have a great fix and flip deal, I might consider using one for the short term; do the reno and pay it off again.  

I would not invest in real estate using a retirement account.Harder to get a loan, if you do, the terms are worse and you have to worry about UBTI.Potential RMD concernsPotential having to sell the property if you don't have funds to fix the property if the property needs rehab.best of luck.

I hate when my PM sends somebody out to fix a toilet that needs a $0.75 gasket and they lie to you and charge you for a new toilet for $400.