Hi everyone. I'd like to learn a couple of different strategies investors use when using a HELOC or a home equity loan.
My parents can get a HELOC of $200,000. I've already convinced them about investing that money into real estate, now it's just a matter of HOW to invest it.
I'm very well aware of the BRRRR method, but I'm wondering if there are any alternative strategies that might not require as much work/effort.
i.e Would you recommend we use the HELOC as a down payment for 5-10 different SFH/MFH (maybe an apartment as well) if the numbers make sense?
I just need some recommendations from experienced investors on how they used their HELOC.
Thank you in advance for the responses!
. I try to get people to send me any excess HELOC funds, but it hasn't happened so far
We use our HELOC to purchase and renovate, then pay it off on a flip or refinance after reno for a hold. Then wash rinse and repeat.
I can't imagine 200K will cover 5-10 SFH or a MFA in Anaheim CA ?
Yeah we don't plan on using the HELOC in Anaheim, CA. We plan using it somewhere out of state where houses are more cheaper.