All Forum Posts by: Gabe L.
Gabe L. has started 2 posts and replied 2 times.
Post: Tiny home construction in Reno-Tahoe
- Denham Springs, LA
- Posts 2
- Votes 0
Hey guys, I'm an out of state investor looking to acquire land (1 - 10 acres) and construct a tiny home (300 - 500 sqft) in the Reno-Tahoe area. Although potentially challenging, I'm specifically seeking a non-HOA area with zoning/permitting restrictions that allow for this. Any light that could be shed on this would be much appreciated. Thanks, Gabe
Post: HELOC or HEL to BRR and cash out refinance our rental property
- Denham Springs, LA
- Posts 2
- Votes 0
Hey guys, I am fairly new to BP. My business partner and I have been trying to educate ourselves and soak up all the info we can from posters to begin our business on a good note. Let me preface by saying that our strategy is long-term buy and hold with the intent to scale as quickly as possible.
That being said, what do you guys recommend? We are considering using a HELOC or HEL using our primary residences. My business partner and I have plenty of equity in our homes from which to pull. Is it recommended to use either of these to acquire funding to purchase an investment property (whether it be a down payment or all cash deal pulling from our home equity) with intent to buy, rehab, rent and cash out refinance that same newly acquired rental property to then use that money as a down payment for the next rental property then repeat? All thoughts are welcomed and appreciated as seeing any alternate perspectives on this topic will help to broaden my understanding. Thanks in advance for the responses.