We are closing on a HELOC on our primary home this week.

Looking for advice on best strategy/next step following sale of a home we owned in Florida as an STR.Background: Sold 3bed/3bth home, have approx $600k equity.

Before this I made about 170k on the 3 previous homes I bought fixed up and sold.I see a decent opportunity to buy a fixer upper and have it turned around pretty quick.What's the best option I can use/present to get financing on the project.

The current owner of the property has the property under land contract with 4 remaining years on contract.

I have 200k + in equity in my primary but she doesn’t want to touch that either (I’d prefer not to as well).

These are primarily for "off market" purchases.TOP 10 Motivated Seller Lists - Try each of these Driving for dollars - (Finding houses that need a little lovin’ and contacting the owner) Propstream has an App that gives you immediate information on the property and saves it to your list.

Armani Colon (Home Smart)

We made our offer on a small home that needs to be rehabbed in a small rural community south of Rochester and it was accepted ($55,000).

Hi @Eric Lahoda, I’m glad to see property owners recognize this as an issue.

I was able to save a good amount of money and purchase a 3 bedroom 2 bath mobile home on an acre of land all cash, that property generates $875 a month, no mortgage or HOA fees.