Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

19
Posts
4
Votes
Luke Boff
  • Real Estate Agent
  • Columbus, OH
4
Votes |
19
Posts

best way to fund a deal

Luke Boff
  • Real Estate Agent
  • Columbus, OH
Posted

I have been stuck trying to decide the best way to purchase my first investment property. I really like the idea of BRRRR but funding the deal is what I constantly get stuck up on. I have a decent amount of personal funds from savings as well as a HELOC on my primary residence. Off the top of my head I would like to use a conventional loan but when I tell the lender that I plan to refinance within 6 months or less they tell me that I won't find any lender that will allow me to do that. On the other hand do I use the HELOC and personal funds to purchase a smaller property, renovate it and then refi out. Using my personal funds could tie up a lot of my capital for an extended amount of time. Any and all advice is always appreciated!

Loading replies...