BRRRR deals in the Midwest-to be or not to be?

[Jorge Ruiz]

So BP- I've been looking for 2-4 unit properties in the Midwest (specifically Milwaukee-and now also taking a look in Dayton, Ohio) that I can BRRRR using my HELOC to purchase in cash. Please help me if I'm missing something here- the only way I have figured out how to use my HELOC and pay it off and use it again is to BRRRR? Is there another way I don't know about?

Also can I find these deals in these markets? For example ARV would be $90K-purchase price would be 70% of that minus rehab cost. In this case $15K. So purchase price would be $48K.

Thanks in advance BP!

Best,