New to BP and real estate investing

[Paul Denaro]

Hi everyone...I'm very excited to be a part of BP and equally excited to close on my first investment property which will be this Thursday (11/5). I just need some tenants now!! Financing for it was kind of interesting. With the advice of a seasoned investor I am in the process of acquiring a HELOC but that got drawn out so luckily I was able to get a cashiers check for the entire purchase of the SFH. I had to use some savings and take a cash advance out on a credit card but will be able to pay that back by my next billing cycle (just need a couple weeks longer on the HELOC). My plan is to use the HELOC to pay myself and credit card back then after it is cash flowing and stablized, I will refi and do the BRRR method that Brandon and others talk about on the awesome pod casts that BP offers. Does that sound like a good plan??

Thanks,

Paul