I’m about to move out of my parents house and into my first home that I purchased at 23.

I am interested in a price range around 100-150k, and will be financing with a co-sign from my parents for the first deal.

My parents are still paying the mortgage of their own house, and beyond its equity, have no plan for retirement.

I'm flipping my parent's primary residence, and I'm wondering if I should take out a HELOC or Refi.

That being said, it has left me very cash poor and forced to moved back in with my parents. 

Side note: make sure you check the inspection bc the seller might withhold information.

Call his parents/rehab buddy - let the people who have intervened in the past know that they're needed again. 

Our issue is that we currently do not have enough on hand cash to perform the renovations right away but we want to be able to use this property as a BRRR to get our next one.If we rehabbed downstairs we would essentially be able to raise rent $250/mo based on other rents in the area.We currently have a multi-family that we rehabbed and have rented out but we are “saving” that refinancing option for a future project that will be a complete gut.We are also open to holding the note and purchasing it that way but we still need to discuss that with my parents and see if that’s something they are comfortable with .

First and foremost I gotta admit that I honestly don’t know **** about real estate, I’m 23 living at my parents house, I have about 60k dollars in my bank account and I make about 2.5k a month working in customer service and I have no expenses.

yes, I did sell the same way but had to deal with the withholding of 15% of the gross sales price for tax purposes as required by the U.S.