All Forum Posts by: Michael Barcena

Asking for a friend ;)

You just refinanced your first home and got approved for 350k HELOC. You live in LA, do you invest local? Do you look out of state? Invest in single family, look for multi family?

Hey Andrew thanks for replying! I have only read about them like direct mailing by looking up owners at county offices but have not done so myself. I don't have anyone in my immediate circle who has done so. Any recommendations of books to read or sites to visit? 

I'm in the process of getting HELOC from a duplex I bought in the LA area which I bought in 2013 for under 300k. I got approved for a 350K HELOC due to appreciation and am thinking of how I can maximize this opportunity.

If I can find a fourplex or 5plex + for 1M I am thinking I can use 200k as down payment after running the numbers to cover the mortgage I can cover the HELOC and BRRR. I currently live in LA and looking in the area but am not afraid to look further out of LA. What do you guys think? What would you do with a 350k HELOC to maximize this opportunity.