All Forum Posts by: Casey Keck

My wife and I are selling one property to purchase another. We were doing a bridge loan to secure the property prior to selling our current property. Now we are being told that the funds from the bridge loan will not be available until 20 days later than expected. We have asked the realtor to inquire with the buyers about pushing closing off to secure funds. However, if they don't agree we will either need a co-signer on the loan for the new property or additional funds for a down payment instead of using the bridge loan. My parents are able to loan us the funds, which we would give back within a month or 2 after our current property sells. My question is this: if they give us the money and we give it back, how does that work with taxes?

I am new to investing. I have not yet made my first deal. My wife and I will have our primary residence paid off next month, and I'm looking at how best to utilize that equity to begin investing. Depending on the percentage of equity I can borrow, I could pay cash for a rental, refinance and pay off the HELOC. Or I could use a lesser amount as a down payment on a fixer upper and use the BRRRR method. Any input, recommendations, etc? Like I said, I'm a total newbie.

@Catherine Wiseman I'm looking to get started in Buckeye, as well. Maybe we can pool our resources and partner on a deal down the line! I'm new to investing, but have 30 years in Buckeye and am very familiar with the area.

I am brand new to investing and looking to make my first purchase in the next 6 months. My question is this:

Am I able to get a HELOC on my primary residence to purchase a property at auction? I would purchase 100% with the HELOC. I'm in Arizona.