HELOC funding. Should I do it?

[Keith Martinez]

Hi all I am looking to get started in real estate. And have a high level. of home equity. Is it smart to use this line of credit for rehab costs, purchasing, etc? Or should I look for other ways of funding to land my first fix and flip deal? Thanks for your feed back. I am in the Maryland area btw.

[Sheldon Zimmerman]

Congratulations Keith, I think that is a perfect way to get funds to fund a deal. Now just make sure you know the numbers going into it, but that can be a great way to get the funds to finish up a project. Most of the time the terms on a HELOC are going to be the best terms over hard money and credit cards. So if you have equity in your other properties its a great way to use that to produce more income.