Purchase price: $225,000 Cash invested: $55,000 Fix & Flip in the beautiful St.

Owe 5 years of back taxes and are at risk of the city taking the property at any moment.

With that in mind I have about $140k in cash at the moment and was hoping for advice on the best way to finance the rest/recommendations on who to fund the remaining amount through.

Beautiful house - what is the annual revenue?

In the Netherlands the government is busy building a law with stricter rules against investing and owning real estate.At the moment I am reading the book ' No money down.

At the moment insurance underwriters are NOT writing coverage on anything that's not concrete.

Looks like a nice deal, unit mix, vintage, locatonCongratsGino The Rents are well below Market value at the moment.

So that was my ah ha moment.

Not sure where you are based right now, but we are organizing a monthly meetup (digitally for the moment so you could connect from over the whole world) and there we are discussing a lot of related real estate topics.

I suggested a HELOC mainly because it wouldn't be necessary to pay off OP's low-interest first mortgage, and because the strategy I recommended involves investing in multiple properties over time, for which the flexibility of a HELOC is ideal.I'm not sure what your experience is investing in LA, but there' s no cashflow to be had here (I'm here at the moment).