All Forum Posts by: Matt Bilewicz

@Jacob Sampson most likely I would only do any aesthetic/cosmetic rehabbing myself and contract the rest.

I think the ARV uncertainty is my biggest concern. I'm getting pretty comfortable with the math and calculators on it, in terms of being able to know what ARV would need to be to make it all work. The catch being making sure I only strike on a deal I feel informedly confident can get to that ARV with the rest of the math (rehab budget etc).

I appreciate the response. Trying to learn!

However, I think what I meant to infer is that I am assuming closing on a cash purchase is much cheaper than closing with a conventional loan? Is that correct?

@Bryan Richardson Please ignore #2, my brain was on pause. #2 should basically just say regular cash out refinance, meaning I’d have 2 closings.

Looking to make my first investment and I find myself gravitating toward the following strategy/theoretical scenario. How does this sound? What questions should I be considering?

1. Purchase + rehab with HELOC "cash." This way I can pay cash, close quickly, and command a better purchase price.

2. Cash out finance. Having initially paid cash with a HELOC, this lets me avoid a double closing.

3. Pay off the HELOC balance.

4. Repeat.

Thanks in advance for the insights and advice.