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Updated over 2 years ago on . Most recent reply

David Honeycutt's profile image
David Honeycutt's profile image
David Honeycutt
  • Rental Property Investor
  • from Florida
  • Member since Nov 10, 2022
  • Posts 8
  • Votes 2
  • Experience 13 Yrs
  • Investments 1
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8
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David Honeycutt's profile image
David Honeycutt's profile image
David Honeycutt
  • Rental Property Investor
  • from Florida
  • Member since Nov 10, 2022
  • Posts 8
  • Votes 2
  • Experience 13 Yrs
  • Investments 1
Connect
David Honeycutt
  • Rental Property Investor
  • Florida
2
Votes |
8
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

BRRRR Financing to start expanding

David Honeycutt
  • Rental Property Investor
  • Florida
Posted

Fellow Investors!

I have a townhouse free-and-clear, no mortgage. What's the best financing strategy to start expanding? Perhaps apply for a HELOC on the townhouse and apply a down payment on conventional loan, FHA (think there is a residence req) or something else?

~David

Orlando, Florida
1 Vote
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Eliott Elias's profile image
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Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias's profile image
Eliott Elias's profile image
Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias
  • Investor
  • Austin, TX
5,557
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9,861
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Pull the cash out and leverage your money ad much as possible. Put the minimum down payment on your next deal and keep cash to be able to capitalize in this market 

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