@Jacob AndersonI've only used my HELOC for investing when I have a quick exit plan.

For down payment, plan to need 30-40%.

With Amanda Frecks as a partner and a clear plan for strategic improvements, it was the perfect fit for a quick flip and profit.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

I was planning to buy my first property in April of this year, 2022.

This could also hurt my debt ratios if I go to borrow on another investment somewhere like my plans for the STR.  

The bottom floor is not tall enough.  

Learn from your family and on your own by going to different meet-ups and having conversations with agents, other investors and anyone else in the industry to hear about their experiences.Make 2025 a year of planning and how you will go about that plan. 

Quote from @Dmytro Shcherbitskyi: Hi everyone, I’m planning to syndicate my first real estate deal and would love some guidance. 

Always have a clear exit strategy, whether you plan to rent, flip, or sell the property down the line.If you or your son are looking for more hands-on guidance, feel free to reach out directly.