Updated over 6 years ago on . Most recent reply
Financing my first flip
Hi,
Looking to purchase my first flip. My primary home has 500K equity and I have a rental condo worth 220K (no mortgage). After researching the forums it seems to me a HELOC on my primary home to fully purchase the flip (150K-250K purchase range) would make the most sense.
Does this make sense?
Thanks,
Wayne
Looking to purchase my first flip. My primary home has 500K equity and I have a rental condo worth 220K (no mortgage). After researching the forums it seems to me a HELOC on my primary home to fully purchase the flip (150K-250K purchase range) would make the most sense.
Does this make sense?
Thanks,
Wayne