My opinion for what it's worth, Account Closed, is that it's much harder to find a deal now and make the numbers work.I believe there is more "investors" or at least people attempting to invest than ever before - combine that with our current situation of higher than what "most of us" are used to and low inventory = 10X harder to find good deals - in my opinion.Wholesaling being easy is a myth...I know so many people here in Chicago who talk about it, but the number of people doing it at any scale for a length of time is nearly zero....the one guy I know who's been at it longer than most here in Chicago is @Zach Shepard and he's a silent snipper!

You came to the right place to learn more about real estate investing!

My question is if i should use a HELOC on my primary home and using that as down-payment for investment properties?

Welcome to BP and best of luck investing!

In a tough market, it's easy to get distracted by all the shiny opportunities that come up.For example, to really focus on growing our real estate agent business, we made the difficult decision to stop buying investment properties this year.

We want to use that money for a home and we live in NY and probably cant get anything unless we get more income and  bit better credit.

We are in a situation, we had sold SFH investment property in March 2024 and didn't buy anything and have about $100K in capital gains. 

I'd probably get multiple feasibility studies before engaging a bank and/or spending any money on the actual project.

Although loan amounts this small are going to be very limited to hard money lenders.

Im sure going after the city would really only be effective in a civil class action law suit where there is enough people and $$$ on board.Over a 6-12k fix, and battling the city alone you'll spend more money and time IMO.