Hello everyone,I need some advice regarding a HELOC.My primary residence (located in Colorado) has approx. $130k equity that i'd like to tap into and use toward more real estate.

Myself and two of my current co-workers are highly considering quitting our jobs by the end of the fall and starting our own BRRRR business.

You could also look for a partner and or investor, that would be willing to co-sign a loan, who has income to be underwritten. 

You'll have enough to worry about adapting to your new CO & team.Btw, you may not like to hear this, but both conventional wisdom and my calculator say do not buy a house unless you intend to live there for at least 3 years, or you will lose more from transaction costs and repairs to spruce up a house to retail sale condition than you will ever gain from appreciation by owning the home. 

Is it worth it to work with wholesalers or are you better off going out on your own and trying to apply the strategies they do?

@Blaine Martinez ya I’ll be attending the CO REÍA in 2 weeks to network and learn.

Not to mention, most states also require Unemployment tax as well as Worker's Comp Insurance.I'm also not sure how you figure that 100% credit for the rent comes through on a K1. 

Since she went through bankruptcy, I have no idea what kind of places would accept someone with a bankruptcy that doesn't have a co-signer.

You would be the non-occupant co-borrower in that scenario.

Investment Info:Single-family residence buy & hold investment in Colorado Springs.