All Forum Posts by: Kaylin Wedel
Kaylin Wedel has started 2 posts and replied 5 times.
Post: HELOC & Hard Money Combo for a Fast Flip?

- Posts 5
- Votes 4
I’m currently in the process of flipping my first house, which is also my primary residence. I bought it below market value this past winter and have been putting in a lot of work (and cash) to build equity. It needed a ton of updates, but that’s exactly what made it a great opportunity!
I’m working a full-time office job on a single income, so my paychecks are steady but not huge. Flipping houses is how I’m trying to grow my money faster. I’ve got two friends renting from me right now, which helps with the bills, and I’m planning to hold onto this place for the long term.
My idea for the future is to eventually flip an investment property using a hard money loan, ideally to earn quick capital for a bigger goal; investing in unique Airbnb rentals. I'm thinking of tapping into the equity I'll build in my current home after renovations by taking out a HELOC, which I would use to fund the down payment and monthly payments on a hard money loan for my next flip (which I would turn around and resell quickly).
Would love any advice or feedback from people who might have done something like this before; use a HELOC alongside hard money? Would you advise for this or against it?
Thank you!
Quote from @Drago Stanimirovic:
Hey Kaylin,
You're setting yourself up well. With your background in design and estimating, you’ve already got two of the most important tools flippers need. Starting with your own home to build equity and learn hands-on is a smart, low-risk way to break in.
Your long-term vision for creative short-term rentals is also on point, unique design is a major differentiator in that space. Keep building your network, learn your local markets inside and out, and don’t be afraid to start small while building momentum.
Happy to help however I can.
Thanks so much, I really appreciate that! Starting with my own place has definitely taught me a lot already, and it's been a great way to get hands-on experience without being risky right away.
I’m very excited about eventually moving into short-term Air BnB rentals, especially because I love the creative side of it!
Thanks again for the encouragement 🙂
Quote from @Myka Artis:
Congratulations on getting started in the real estate industry. You have a good niche with flipping, design, and Airbnb. If you combine all 3, you can stand out in a market. I flip houses and manage Airbnb properties myself. In times when flips are taking a while to sell, you can use your design skills for staging and significantly decrease your days on market time. I just sold a house in 30 days, where the average days on market was 90, simply by having it staged. You're going to crush it! Good luck to you!
Thank you, I really appreciate that! It’s exciting to hear from someone who’s already doing what I’m aiming for. That’s a great reminder about staging too. I’ve seen how much of a difference good design makes, so I’ll definitely be keeping that in mind when it’s time to sell.
Flipping, design, and Airbnb is exactly the direction I want to go, so it’s nice to hear that combo has worked well for you. Thanks again for the support!
Quote from @Jaycee Greene:
Quote from @Kaylin Wedel:
Hey everyone!
I’m 23 and just getting started in real estate investing. After years of saving, I bought my first home this January and am currently fixing it up myself to build equity. I’ve always been drawn to anything creative and hands-on, and I’m super passionate about flipping homes.
I have a background in architecture and interior design, and I currently work full-time at a home building company where I customize floor plans and do estimating. Between that and my eye for design, I think I’ve got a solid foundation for flipping.
My long-term goal is to flip a couple properties, then eventually move my focus into designing creative, themed short-term rentals through Airbnb etc. I love the idea of using flips to fund more design-focused, high-return rentals down the line.
I’m looking to connect with others, especially mentors or experienced investors who might be open to sharing advice, collaborating, or just helping me grow in the right direction. Happy to offer my interior design skills if anyone’s ever looking for that as well! (I’ve shared two of my school projects in my profile if anyone’s interested in checking them out.)
Excited to be part of this community and learn more from everyone here.
Thanks!
—Kaylin
Hi @Kaylin Wedel, welcome to the BP Forum! What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF? What is your price range/down payment amount? Are you looking for turn-key properties or something along the lines of a "fixer upper"? Are you looking for properties in your local market or somewhere else?
Hey Jaycee,
Right now, I’m not actively searching as I'm focusing on fixing up my current property. But I do plan to flip 1–2 single family homes in the near future to build quick capital. I’m much more drawn to fixer uppers than turn-key properties because I love incorporating design and creativity into the process, especially with my background in interior architecture.
For the next property, I’m aiming to stay under $300k total between purchase and renovation. It'll most likely be a single family home in my local market, just to keep things manageable since I’m so new to all of this.
Longer term, my main interest is in creating unique Airbnb stays in markets across the country (super interested in locations by national parks.) I’m also open to multifamily; both 2–4 units and 5+ as I scale, but short-term Air BnB rentals are where I’m hoping to focus most of my energy since they allow the most creative freedom!
Hey everyone!
I’m 23 and just getting started in real estate investing. After years of saving, I bought my first home this January and am currently fixing it up myself to build equity. I’ve always been drawn to anything creative and hands-on, and I’m super passionate about flipping homes.
I have a background in architecture and interior design, and I currently work full-time at a home building company where I customize floor plans and do estimating. Between that and my eye for design, I think I’ve got a solid foundation for flipping.
My long-term goal is to flip a couple properties, then eventually move my focus into designing creative, themed short-term rentals through Airbnb etc. I love the idea of using flips to fund more design-focused, high-return rentals down the line.
I’m looking to connect with others, especially mentors or experienced investors who might be open to sharing advice, collaborating, or just helping me grow in the right direction. Happy to offer my interior design skills if anyone’s ever looking for that as well! (I’ve shared two of my school projects in my profile if anyone’s interested in checking them out.)
Excited to be part of this community and learn more from everyone here.
Thanks!
—Kaylin