First Investment Property Search

[Adrian Pearson]

Hello,

I am a new investor looking into getting into the game. Right now, my plan is to use a HELOC to start BRRRR'ing, as we have about ~140k equity in our home (only going to pull out about 75K initially though). I have been running BRRRR reports using the software here, but I'm not sure that my numbers are looking right. I'm still waiting on solid comp data from my realtor for ARV numbers, and have been ball-parking the rehab costs, trying to go on the high side (I plan on walking through the houses with a general contractor before I pull the trigger to make sure that everyone is on the same page.) I know those are probably the two most important numbers, but I'm working with the information that I have right now.

I would also be welcome to any banks offering a good deal on HELOCs, open to online suggestions, but would prefer brick and mortar to start building a relationship with a lender as I work through this process. 

My reports are here:

613 Main

820 Poplar

Any and all information would be greatly appreciated!