Updated over 2 years ago on . Most recent reply
HELOC to get into Real Estate
Hi team! I’m 26 years old and want to get it to real estate, I have been researching real estate for the last couple years and am finally really to get into the grind! Looking for some advice -I currently just got approved for a HELOC and wondering the best practices to use that money to get into real estate? Flip and Flix? Rental Property? My main question is should I use that money for 20% down or look for a property that I could use the HELOC to pay for the whole thing?Also - is there a calculator that I can use to calculate my heloc payment? So I can run the numbers for what my mortgage would be on the property also what the heloc payments would be? If anyone has any advice I would really appreciate it!! Thank you,