We're currently working on some minor TLC on our personal residence and are going to look into using a HELOC to fund our first flip.

Like Michaela said...with a cash out refi you should be able to get 75% LTV...so $97,500. $975 should be enough to cover the new mortgage payment plus some.

I have a limited bucket of funds, but enough to purchase at least one decent SFR, but also considering Reg A type funds and other crowdsourcing opportunities.

@Jaysen Medhurst I believe the idea is that if you leave the investment in a Qualified Opportunity Fund for 10 Years.

Do you sell homes, if owner wants to sell, at what point to do call them for approval, what about emergencies,  Make sur eyou have a trust account, so there is no commingling of funds.

My name is Tony, we were going to work with Fund and Grow, but due to unfortunate events we had to back out and cancel our request for funding and the team at Fund and Grow has been excellent and we look forward in the near future to have a chance to work with Fund and GrowDessert & Thangz LLC

I would use the funds to pay the seller his equity and I would take over his loan on the property.

If you find a deal the money can come (owner financing, Fund & Grow, private capital, hard money loans, etc).

From what you've said, it sounds like a REIT or RE investment fund would love to your services available to them on an as-and-when-needed basis.

I sent them proof of funds for a 20% deposit if we can come to terms on the price.Rent roll is 24 units at an average price of $620.  3 buildings - 2 story with 8 units in each story.