I am in the process of looking for my first real estate deal in West Michigan (Muskegon/Grand Haven area) and am trying to determine whether a cash-out refi or a HELOC on my primary residence is a better option to fund the deal.

So you need more money at the get go to make them work. plus these properties are in locations that are up and coming/desireable, are expensive to build new housing in/don't have open space, etc. that's why they gentrify, because they are near more expensive areas.

I don't want to upset my stomach.So in closing I say great job.. and keep up the good work its a Huge advantage to have bank funds for these deals and only paid on drawn funds etc etc. 

I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.One of these goals is to successfully wholesale a property to an investor.

I've been snooping around this website for around 1 and a half years and feel its time to start asking some questions that pertain to the goals I desire to shape towards being successful in Real Estate Investing.One of my goals is to earn my Real Estate License this year and to under go training through Keller Williams.

I hope one can understand and relate to the passion and desire of a newbie and take me under their wing :)   

Currently, we have one deal and seeking funding for this fix and flip.

With the recent raise on the minimum amount for the sewer usage bill to $55, the minimum I would go for water, sewer and garbage would be $125 over your desired rent amount.  

With funds low, I'm afraid that I won't have the $ necessary to close on a new place to live.

Especially if I want to fund more deals in the near future.I would like to come up with a part time job I can do while working as an agent that will either generate more leads for me, or help me in some other aspect of real estate investing.