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Updated over 1 year ago,
So many options, which is the right one?
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.