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Eric Merritt
  • Rental Property Investor
  • Swansboro, NC
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Next Investment Move??

Eric Merritt
  • Rental Property Investor
  • Swansboro, NC
Posted Sep 14 2021, 19:10

Hello everyone, I am reaching out looking for guidance on what my next move should be. I currently have three rentals, all occupied, two in NC and one in MI. I have conventional loans on the two NC properties and have owned for less than one year. The one in MI has no mortgage and is worth approximately $350k. I have considered opening a HELOC on the MI property to fund flips to gain capital. I currently have $80k to invest as well. Opinions/guidance on my particular scenario are welcome and appreciated.

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