Financing Options- The Pros & Cons

[Lee Brown]

Hey everyone,

I’ve been thinking a lot about my strategy lately, and I believe it makes the most sense for me to start with a couple of fix and flips to build up some capital. This will be my first deal, so I’m trying to set myself up for a strong start.

I had a good conversation with my lender, and they laid out a few creative financing options to consider:

• A DCRC loan
• A HELOC (home equity line of credit)
• A conventional loan

I wanted to reach out to the group and get some input. For those of you who’ve been through your first deal, or have helped others do the same, do you think these are solid options to get started? Any pros/cons or alternatives I should look into before locking something in?

Appreciate any advice or insights you’re willing to share!

Thanks in advance,

Lee