Updated over 10 years ago on . Most recent reply
Rent or Flip
My name is Beau, I recently bought a house for 38000 and I put 12000 in to it, (a total of 50000) it was a foreclosure with some foundation issues. I was able to get it fixed for cheaper than most people because I am a general contractor. After everything is said and done, the appraisal is now around 105000. Im not too worried about making quick money, but more interested in building my wealth and passive income. How difficult is it to pull equity lines off of a paid off property, to go buy more homes without putting myself in a huge risk. Any help is appreciated, thank you.