So many options, which is the right one?

[James Dale]

I'm ready to take the leap in real estate (I think). I've been approved for 100k through a HELOC. I know I want to start purchasing long term rentals but I can't decide if I want to BRRRR a small single family home or use the HELOC as a down payment on a nicer turn key MFH or multiple SFH. Where I live in AR buying and renovating a property for around 100k is not out of the question, I'm just worried about the ARV. I ultimately would like to repeat this process as often as possible. I know that find a good deal is my number one goal and I've been combing the market like a hawk with a few in mind. I'd like to know what anyone's experiences with both are and which route worked for you. I know everyone has different experiences and I want to use this platform to learn from you all.

Thank you in advanced.

[Johann Villalvir]

To calculate a safe ARV, look at the properties with the same # of bedrooms and bathrooms and similar square footage as the one you're looking to purchase, then find the top 25 percentile of homes that sold up to 9 months prior. These are the upper boundaries that the neighborhood can support with top finishes, to be safe, make sure you're profitable at the 50 percentile of homes sold