Proof of concept

[Matt Burdett]

I'm starting my investing career and have a question for the group. I want to do a BRRRR and am curious on if it's best for me to take a HELOC on my primary residence and pay cash for my 1st property/rehab or try to go another route. Thanks in advance for your thoughts

[Caleb Brown]

It is doable to do that. I would have reserves outside of it though to help keep things afloat. When you use a HELOC you want it not to drag out timeline wise. The longer it goes the less it makes sense. Another option you could use is a hard money loan and use your HELOC as a reserve line. Keep in mind you are putting your personal residence at risk when you pull a HELOC.