Got lots of experience Rehabbing Homes including my love/hate relationship with the Department of Planning and Permitting.   

If you plan on staying 10 years and can handle the initial negative cash flow, you likely will do great (prop 13 helps).

Hey everyone,I’ll keep this short and would love to hear from investors who have successfully leveraged a HELOC to scale their real estate portfolio for both short-term cash flow and long-term wealth building.I’m about to unlock $200-250K in HELOC from my primary residence (a condo in NYC), and I know there’s a powerful strategy I can implement.My current plan:✅ Acquire a 10-15 unit multifamily in a mid-sized market (AL, TN, OH, etc.), targeting a $700-800K deal with value-add potential.✅ Use 20% from my HELOC for the down payment and finance the rest with hard money.✅ Force appreciation over 6 months, then refinance into a DSCR loan to pay off the HELOC.✅ Rinse and repeat!

If you plan to keep your current home as a rental, a home equity loan or HELOC could help fund your new home’s remodel while keeping your low mortgage rate.

I always have a plan B and if I can’t flip the lot in 60 days, I’ll sell some stock to avoid the IRA penalty.

We plan on starting renovations on the unit in X (I would say a date but in reality have a 2-3 month buffer), and based on this we are no longer going to be renting the unit out.

Are you planning on using that cash you pull out for the full purchase or are you considering that a downpayment? 

I sent you a DM if you have any interest in the Midwest/ MidSouth areas to explore some options so you can have an idea of what it may look like to execute your plan!

I am planning on purchasing a $350k property with DSCR loan.

Have you discussed your plan with any social service organizations and/or impact investors (i.e. foundations and philanthropic orgs) in NYC that are looking to help you?