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Updated about 8 years ago on . Most recent reply

Lissette Deleon's profile image
Lissette Deleon's profile image
Lissette Deleon
  • Real Estate Agent
  • from Pawtucket, RI
  • Member since Aug 7, 2017
  • Posts 39
  • Votes 15
  • Experience 8 Yrs
  • Investments 2

User Stats

39
Posts
15
Votes
Lissette Deleon's profile image
Lissette Deleon's profile image
Lissette Deleon
  • Real Estate Agent
  • from Pawtucket, RI
  • Member since Aug 7, 2017
  • Posts 39
  • Votes 15
  • Experience 8 Yrs
  • Investments 2
Lissette Deleon
  • Real Estate Agent
  • Pawtucket, RI
15
Votes |
39
Posts
General Real Estate Investing

Equity Line of Credit For Flips

Lissette Deleon
  • Real Estate Agent
  • Pawtucket, RI
Posted

Hi,

My husband got a request for us to jump in with his long-time friend to do flips. Since we are just starting out, we do not have the cash sitting there. I know for sure we have equity in our home, and we were thinking of using an equity line of credit to do these flips. Is this a bad/good idea? Other avenues to explore? 

Thank you

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