@Joseph Lombard The HELOC is best described as personal short term financing.

The property required only $12,000 in renovations, presenting a low-risk, high-reward opportunity.

Allow me to learn from the people who have done this and been extremely rewarded, and the ones who have been in here and got absolutely nowhere.

I have good personal credit (~730-740), average-high personal debt (mortgage, student loans, vehicles,) and I am employed making $90k/year.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

I have to do a little more due diligence before I feel comfortable with sending them any of my personal info.

In order to undertake a new build I would have to personally know the builder and be comfortable with his work.

The property required only $1,500 in minor renovations, making it a low-risk, high-reward investment.

If you have cash, know that 99% of wholesalers will have low repair values and high ARVs that don't match the actual data or upkeep of the house.Also, ask if this is being daisy-chained, meaning are there other wholesalers or investors in the line between the person offering you the deal and the seller.

I personally would approach this with a self assessment.