Should I rehab my own home to get more money on a HELOC?

1 Reply

Hello BP Community!

Thinking about getting my feet wet to start my real estate investing career by rehabbing our newly bought home's kitchen and Master bath to increase the value in our home in which to get a HELOC in order to supply cash. Any Suggestions would be appreciated. Thanks!

Most heloc lenders don’t do full appraisals like when you purchased the house, most use BPO drive by appraisals. Also, you would be spending cash to get a higher credit limit which would pretty much just wash.