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,

[Brent Coombs]

@Jorge Ruiz, I just realized there was enough detail in your original post to work out the Seller's asking price after all. Seems to me that "this realtor" should not be included as one of your trusted boots-on-the-ground team members, but rather, someone who happens to be available to submit some offers (of many you could/should choose to submit, via multiple sources) for you. Cheers...