All Forum Posts by: Dominique Wilson

I bought the home with equity in. I did not put 20% percent down.

Thanks I’m looking to learn and grow with this site

Ok thank you for the advice I currently have $20,000 equity in my home. You have to have the property for at least one year in order to flip and avoid capital gain tax. There are no pre payment penalties associated with my lender.My main goal is obtain rental properties to have consistent cash flow but not sure what direction to take to obtain such properties being that I’m just getting my feet wet. I’m currently looking into hard money lenders   And local banks. Any suggestions on the best way to start. I’ve heard of the brrrr method and that’s what I’m doing

I am just starting out in  real estate as an investor. I currently have a home I just bought as my primary resident two months ago. My plan is to fix it up and either sell it or rent it out depending on the market at the time of sell.

My question is should I use the equity in my home to fix up the house or buy a rental?